AudUsd has been trending upwards since the brutal sell-off in March. The level now being used as support, was a level of resistance which was violated about two-weeks back. This area would also be a third bounce on a medium-term trendline (15 May 2020). The 100-day moving average serves as conformation only, which suggests that the bulls aren't done quite yet. Long-term motivation for upward movement would be to test the multi-year trendline that was initiated around July 2011. That being said, an aggressive long entry @ 0.72833 would have a potential profit target @ around 0.74151, with risk @ 0.72178. A conservative approach would be to wait for a 4hr candle close above the level 0.73017. If the market respects the concept of this analysis, then a breakout @ 0.74151 is expected and a contiunation to the level 0.74962. If all of this proves to have some truth to it, then the upside potential is still great.