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AUD/USD Might be Cycling Back into a Bullish Swing

AUD/USD has been choppy since 2016, but there has been a slight bullish bias as we can see in the daily chart.


AUD/USD Daily Chart

(click to enlarge)

Trendline Support:
- The bullish bias is based on the fact that price has been making higher lows since 2016. 
- It looks like AUD/USD might have just made another low from a bearish swing.
- If this is true, we can anticipate upside at least back to 0.78, with a more aggressive bullish outlook to 0.8150.
- the aggressive bullish outlook would still be within the context of the prevailing mode since 2016, which is choppy and slightly bulish.

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