AUD/USD Price Analysis: Bulls looking for a break to test 0.7180 H4 resistance

• AUD/USD bulls are on the move with eyes on 0.7180. 
• The 0.7300 target will be next in range as bulls take control. 

As per the prior analysis at the start of the week, AUD/USD Price Analysis: Bears testing bullish commitments at critical support,  AUD/USD bears indeed took on the bulls, but only momentarily. 

The following illustrates a bullish perspective as the fundamentals tides turn in favour of the upside, at least from a meanwhile risk-on perspective. 

AUD/USD prior analysis

AUD/USD live market, daily chart

As illustrated, the bears did move in but the price is back to stabilising around the 61.8% ratio on Tuesday. This leaves prospects of a bullish continuation on the cards for the rest of the week and the foreseeable future. 

AUD/USD H4 chart

AUD/USD is breaking to the upside with the price now above H4 21-EMA which is an encouraging development for the bulls. Eyes will be on 0.7180s and then 0.73 the figure as a critical milestone in the pursuit of a higher daily high.