AUDUSD-SELL strategy weekly chart Reg Channel

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AUDUSD-SELL strategy weekly chart Reg ChannelAustralian vs US DollarPEPPERSTONE:AUDUSDpeterbokmaThe pair feels holding well for now. We are currently trading above the reg, channel and this may remain for sometime, but from strategic point of view, it may gravitate back towards 0.6500 again in the medium-term. Also we are potentially building a S/H/S top as well. Strategy SELL or ADD SELL to current 0.7200-0.7240 and take profit initially at 0.6900, but overall the direction may be somewhere 0.6550.