Nice idea on AUDUSD, I have also identified an ascending channel with similar resistance and support levels as yours. I found a major resistance at 0.7310, a horizontal overlap resistance with 76.4% Fibonacci retracement. The support level I have identified is at 0.7236, a horizontal overlap support, with a 38.2 Fibonacci retracement and 100% Fibonacci extension. It nicely coincides with the channel support. Hence there is a potential bounce off the support level and I agree with you that this may be a good opportunity to go long. Looking forward to see how things develop.
Please take a look at my idea and share with me what you think:
Please take a look at my idea and share with me what you think: