AUD/USD: Intraday opportunity to go long on new up-cycle

New cycle-up after the breakout of the previous swing high + descending trendline also violated.

A retracement back down towards the 50%-70% fib retracement may see buy-side action and present an interesting risk-reward opportunity.

Initial target at the previous highs with some extra position targeting the 7150. Stop placed below the previous swing low.