AUD/USD has been trading in consolidation mode since 2015. This consolidation can be seen as "accumulation" during a downtrend, which could be the basis for a subsequent uptrend. $AUDUSD Weekly Chart(click to enlarge)Support:- The weekly chart shows that price is still above a falling trendline support.- Holding above this support, around 0.7500 will be an important indicator for the bullish outlook.- Note that the RSI in the weekly chart is right around 40. If AUD/USD is indeed building up a bullish scenario, the RSI should hold above 40.- In this bullish scenario, there is at least upside to the 0.81-0.8150 resistance area. - A break above should open up the 0.86-0.8650 area.