Last week, we saw AUD/USD rally and test a key resistance area. Basically, AUD/USD was trying to break an ascending triangle. This week, we saw the pair successfuly break above the resistance, signaling further bullish outlook.AUD/USD Daily Chart (click to enlarge)Breakout:- As we can see, price has cleared key resistance lines of the consolidation pattern that goes back to early 2016.- Basically, price has been in sideways action under the 2016 high, but has now broken through - a bullish sign.Upside; Support:- As noted in the previous update, the upside for this break is 0.80, 0.8170, and 0.83. - Also, if price pulls back, the 0.77 area should provide support. So if price holds above 0.77, AUD/USD should be in a bullish mode.- But I think a break below 0.7540 will be needed to open up the bearish outlook.