AUD/USD (Daily Chart) - Top of Trend Channel

This pair is now at the top of the trend channel, and could start having another swing down.

The R/R is good at the point for a short trade.

There is also some bearish price action showing on the recent few candles.

However, price is currently above both the EMAs. If price gets supported on the way down at these levels, then it may form a new base of consolidation for buyers.

I would look to go short, but continue to monitor the trade.