We can see there was a clear downtrend on AUDUSD for months with it respecting that TL I have marked, but there has been a current bullish structure forming and has broken that very key area which was a strong res and also we have the 61.8 which has not been respected. Dropping down to the 4HR there is a perfect entry with the 4HR FIB, TL and retest of the broken zone. We can also use the previous 61.8 and broken TL as confluences. Targets are the big swing on weekly we have which go around the EMA and 50.00 and 61.8 FIb