AUD/USD Consolidation Near 0.6525 – Bullish Breakout Setup
🔹Technical Analysis: AUD/USD – 4-Hour Chart
▪️Market Structure
▫️ AUD/USD has been trading in a consolidation zone between 0.6370 and 0.6525.
▫️ Price is currently testing the resistance boundary of this range, indicating a potential breakout setup.
▪️Key Levels
▫️ Support Area: 0.6370 - well-respected base from previous reactions.
▫️Resistance / Buying Area: 0.6525 - a breakout above this level may trigger bullish momentum.
▫️Target Area: 0.6655 - projected upside if breakout confirms with volume and follow-through.
▪️Trade Outlook
▫️ A confirmed breakout above the 0.6525 level (with retest) provides a potential buying opportunity.
▫️Traders can watch for a bullish continuation pattern above resistance to enter long positions, aiming for the target zone.
▪️Volume Analysis
▫️ Gradual increase in bullish volume suggests growing buying interest ahead of the breakout attempt.
▪️Bias: Bullish on breakout, with a potential target toward 0.6655 if price holds above resistance.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
▪️Market Structure
▫️ AUD/USD has been trading in a consolidation zone between 0.6370 and 0.6525.
▫️ Price is currently testing the resistance boundary of this range, indicating a potential breakout setup.
▪️Key Levels
▫️ Support Area: 0.6370 - well-respected base from previous reactions.
▫️Resistance / Buying Area: 0.6525 - a breakout above this level may trigger bullish momentum.
▫️Target Area: 0.6655 - projected upside if breakout confirms with volume and follow-through.
▪️Trade Outlook
▫️ A confirmed breakout above the 0.6525 level (with retest) provides a potential buying opportunity.
▫️Traders can watch for a bullish continuation pattern above resistance to enter long positions, aiming for the target zone.
▪️Volume Analysis
▫️ Gradual increase in bullish volume suggests growing buying interest ahead of the breakout attempt.
▪️Bias: Bullish on breakout, with a potential target toward 0.6655 if price holds above resistance.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
Note
waiting for breakout Note
ready for breakout Note
the one layer activated, from support level of consolidation zone Trade active
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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.
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.