AUDUSD is showing signs of bullish recovery after establishing a strong base near the 0.6980 demand zone. Following the sharp rejection from lower levels, price has successfully broken above the descending trendline, indicating a potential shift in market structure and weakening bearish momentum.
The pair is currently consolidating above the 0.7040–0.7050 support area, where buyers continue to defend pullbacks. This zone is acting as a key foundation for further upside movement. As long as price remains above this support, bullish momentum is expected to build toward higher resistance levels.
A sustained hold above the current structure could trigger a continuation move toward the 0.7131 target zone, which aligns with the next significant resistance area on the H4 timeframe.
🎯 Targets:
• 1st Target: 0.7100
• 2nd Target: 0.7131
⚠️ Invalidation:
A decisive break below 0.7040 would weaken the bullish outlook and increase the risk of a deeper retracement.
📈 Bias: Bullish 🟢
The pair is currently consolidating above the 0.7040–0.7050 support area, where buyers continue to defend pullbacks. This zone is acting as a key foundation for further upside movement. As long as price remains above this support, bullish momentum is expected to build toward higher resistance levels.
A sustained hold above the current structure could trigger a continuation move toward the 0.7131 target zone, which aligns with the next significant resistance area on the H4 timeframe.
🎯 Targets:
• 1st Target: 0.7100
• 2nd Target: 0.7131
⚠️ Invalidation:
A decisive break below 0.7040 would weaken the bullish outlook and increase the risk of a deeper retracement.
📈 Bias: Bullish 🟢
Trade ist aktiv
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.