AUDUSD has been in a ascending Channel and been respecting it since August. Price is currently in an uptrend towards the daily downtrend. Would like to see this uptrend turn into a counter trend and a clean break and re test before a short entry. There is also a daily zone where price has bounce up and down from. Would like EMA (8) and SMMA (21) show signs of reversal as well. In terms of Fib - it will most likely retrace to the 0.618/0.784 zone but nothing is promised. Will have to be patience and keep an eye on what direction it'll move to next.