- AUD/USD is building a bullish case towards prior structure.
- There is still some support that may leave bulls with a more expensive ride.
AUD/USD is on the verge of a breakput to the upside for which bulls will be looking for an opportunity to get on board with.
The weekly chart offers a compelling resistance stricture, or prior support, for which the bulls can target.
The following offers a top down analysis to illustrate where an opportunity could arise.
Weekly chart
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The weekly chart offers a resistance target where the prior lows were made before the latest bearish trend.
4-hour setup
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The 4-hour chart displays some meanwhile support, but on a break there, the bulls can get set for a run towards the upside resistance.
