AUD/USD Price Analysis: Bulls in charge ahead of Chinese data

• AUD/USD is testing critical resistance as the US dollar continues to fall. 
• The bulls have eyes set on the 0.7480s. 

AUD/USD bulls have taken charge this week as the US dollar gives ground on the forex board following a shift in the narrative surrounding the Federal Reserve.

Daily chart

AUD/USD is breaking up and eyes the 0.7470/80s as next major resistance.

The price could see pressures at the top of the hour in the Chinese data but the price is reaching up to a critical level of resistance as the US dollar falls away below 92.20: