AUD/USD Price Analysis: Bulls making their case for 0.6750

AUD/USD bulls are in the market and eye 0.6750.
Bullish structure is forming on the lower time frames.

Ross J Burland FXStreet

As per AUD/USD´s prior analysis, AUD/USD Price Analysis: Bulls eye a break into the 0.67s, the bulls are making their way up and there is a focus on a bullish extension while on the front side of the trendline.

AUD/USD prior analysis

H1 chart

´´The bulls stepped in again on the correction in resistance which leaves a bullish bias for the open for an additional test in the 0.67s.´´

AUD/USD update

The bulls have scored a fresh high at the start of the week and the focus is on the potential support structure and trendline support. A break of the highs opens risk to 0.6750.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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