Earlier in the month, we saw $AUDUSD continue its bearish swing from 0.81 down to 0.7550. We discussed the prospect of a bullish swing from from a rising trendline. Price extended a bit lower to 0.75 before it touched the rising trendline and then rebounded into a bullish swing.AUD/USD Daily Chart(click to enlarge)Resistance Ahead:- In the previous assessment, we mentioned resistance around 0.78. - This is still a key pivot to monitor for resistance, especially if the RSI pushes above 70. - Now, if price indeed retreats from the 0.78 area, we should monitor whether the 0.7650-0.77 area, where price stuck to for a few sessions, will become support. If this pivot area does become support, we can be more confident of the bullish scenario where AUD/USD will rally at least back to the 2017-high around 0.81.