AUD/USD Price Analysis: Bulls target upside structure

AUD/USD is building a bullish case towards prior structure.
There is still some support that may leave bulls with a more expensive ride.

Ross J Burland FXStreet

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

The weekly chart offers a resistance target where the prior lows were made before the latest bearish trend.

4-hour setup

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.

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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