AUDUSD SETUP FOR THIS WEEK!

So we caught a nice short on AUDUSD last week but now it's time to see where price goes next!

It's currently at the bottom of this channel after forming a small H&S pattern and dropping. Could we see a rejection or a continuation of bearish pressure?

I personally feel like there is room for more downward movement but only slight. If you look at the support I have drawn in black we could see a rejection of this area before entering our trade.