Consolidation near the top of the downtrend channel.

AUD/USDOANDA

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⋅ 19 May 2022 06:29

AUDUSD stayed in the downtrend channel, and now started consolidation on 1h TF. We need to wait for a breakout or continuation of the downtrend.

⋅ 19 May 2022 13:38

Price is just trying to break out from the downtrend channel.