AUDUSD H4: Bullish outlook seen, further upside to 0.69174

On the H4 time frame, prices have formed a bullish channel and are now near the lower bound of the channel. We are looking for prices to bounce off the intercept between the lower bound of the channel and the horizontal support at 0.6592- 0.6642. Failing to hold this support may see prices fall to 0.63864.