Although I am no big fan of trading channels or any chart patterns for that matter, the task tends to be a bit too ambiguous. However, there may be a tradable channel present at the AUD/USD pair. When I look at gold, I see the possibility that the Aussie Dollar is correlated (apparently) from a recent 1 hour bullish channel breakout with Gold, simultaneously, AUD/USD offers a 1 hour bullish change of trend. Coincidence? maybe not. I have projected a short term week U.S. Dollar which may help this pair go bullish short term. Look for price to develop a 1 hour higher low swing. There is a ton of resistance, however, we are counting of the correlation between Gold and the Aussie dollar to float this pair bullish for the duration of the U.S. Dollar projected weakness.