AUD/USD Technical Analysis: Poised to aim towards testing descending trend-channel hurdle, around 0.7200 handle

   •  The pair built on Friday's goodish up-move and continued gaining positive traction for the second consecutive session on the first trading day of a new week. 

   •  The up-move has been along a short-term ascending trend-channel formation and a sustained move above 200-hour SMA was seen as a key trigger for bullish traders. 

   •  Technical indicators on hourly/daily charts continue to gain positive traction and remained supportive of the ongoing bullish trajectory further beyond mid-0.7100s.

   •  The pair now seems poised to extend up-move towards retesting last week's swing higher, around the 0.7200 handle, also coinciding with the trend-channel resistance.

AUD/USD 1-hourly chart