AUDUSD on the 4hr time frame. Lets take a look at the chart in greater detail. AUDUSD 4hr tfPair has broken above the channel and we are seeing inside bars after the breakout indicating more consolidation before any moves. I would not discount a retracement back down to test the channel. If the channel is tested and it holds convincingly, maybe giving us a pintail, I would expect this pair to move up from there to first TP at 0.94.

Till then traders!

~ Ardy