The AUD/USD turned bullish a couple of weeks ago, as we can see in the 1H chart. However, towards the end of the week, it retreated from a high of 0.7675 to a low of 0.7603 to start this week.AUD/USD 1H Chart 9/26(click to enlarge)Signs of bullish continuation:- The 1H chart shows a general uptrend interrupted by what appears to be a flag pattern.- In this correction, AUD/USD remained above the 200- and 100-hour simple moving averages, which shows that it still has bullish bias in the short-term.- Price also respected the rising trendline seen in the 1H chart. - The RSI has held above 40 after pushing above 70, a sign that bullish momentum is still developing. - Finally, price started the week with a bullish breakout from the flag pattern. Upside:- There is upside risk first back to the 0.7675 high. A break above that exposes the 0.7730-50 area (August highs), with the 0.7830 high on the year (made in April) in sight as well. - If price falls below 0.7610 today, there might be a problem and the consolidation might extend longer with the 0.7560-0.7570 as the next area to monitor for support.