AUDUSD is trading within a clear ascending channel on the H4 chart. After dropping from the FVG zone around 0.65800, price has reacted well to the lower boundary support near 0.64650.
Currently, price action suggests the potential formation of a short-term bottom. If this level holds and the pair rebounds, the next target could be the red FVG zone near 0.65400.
Recent Supporting News:
U.S. consumer confidence slightly weakened, causing the dollar to cool off — offering technical rebound support for AUD.
Trading Strategy:
Prefer short-term Buys near 0.64650 if a confirmed bounce appears, with target around 0.65400. Be cautious if price breaks below the ascending channel.
Do you think AUD will continue to rise within this bullish channel?
Currently, price action suggests the potential formation of a short-term bottom. If this level holds and the pair rebounds, the next target could be the red FVG zone near 0.65400.
Recent Supporting News:
U.S. consumer confidence slightly weakened, causing the dollar to cool off — offering technical rebound support for AUD.
Trading Strategy:
Prefer short-term Buys near 0.64650 if a confirmed bounce appears, with target around 0.65400. Be cautious if price breaks below the ascending channel.
Do you think AUD will continue to rise within this bullish channel?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.