• AUD/USD bears are in the money but bulls are lurking from daily support. 
• A move back to challenge channel resistance could be on the cards for the initial balance at the start of the week. 

AUD/USD could be on the verge of moving back inside of the sell-off range. The M-formation is a reversion pattern and a deceleration of the sell-off would be expected as the market moves in on support. The following illustrates this on the daily charts and also looks at the prospects on the hourly chart for the open next week