AUD/USD has been trading in a rising channel for most of May. But the prevailing trend has been bearish in the medium-term, so a bearish breakout from this triangle could signal bearish continuation.AUD/USD 4H Chart(click to enlarge)Rising Channel Stalls:- Price went from a low around 0.7330 to crack 0.75.- Within this channel we can see higher lows and higher highs, until the latest high which retreated when testing the previous high. - - This suggests price will break the channel support on its way down.Breakout Scenario:- A break of the channel, plus an inability to climb back above 0.78 would be a good sign for the bearish scenario.- The bearish scenario opens up 0.7420 in the very short-term, and the 0.7330 below that. (Inability to break below 0.7420 could signal that bulls are taking over.)- Below 0.73, AUD/USD has the 0.7145-0.72 area as a year-long range support (since May 2016). AUD/USD Daily Chart(click to enlarge)