AUDUSD is facing the resistance of the price channel on 4-hour chart. As long as the channel resistance holds, the rise from 0.8087 could be treated as consolidation of the downtrend from 0.8795, another fall to 0.7900 area is still possible after consolidation. On the upside, a clear break above the channel resistance will indicate that the downtrend had completed at 0.8087 already, then further rise to 0.8300 area could be seen.
