Is the AUD/USD Heading for a Ceiling?

While identifying the ceiling is going to rely on a potential double top, the floor is clearly identified by the Continuation Flag Forecast Area (F) between 0.8970 and 0.9100.  This floor was the base from which the current uptrend bounced.  The trend is strong as shown by the Initial Trend reading (T).  On a shorter time frame like the 60 minute chart, trending patterns like channels and wedges can be set up.