AUDUSD 4h Descending ChannelAUD/USD Analysis - April 1, 2025 (1H Timeframe)
Trend Overview
The pair is currently in a descending channel, forming lower highs and lower lows—indicating a downtrend.
Price has reached a strong demand zone (purple box) around 0.6240 - 0.6260, which has previously acted as support.
Key Levels to Watch
Support Zone (0.6240 - 0.6260)
If price holds and forms bullish price action (e.g., higher low, engulfing candle), we could see a reversal to the upside toward 0.6280 - 0.6300.
Bullish Confirmation: Break above 0.6260 and a close above the descending trendline.
Resistance Levels:
0.6260 (Immediate resistance & trendline rejection zone)
0.6280 - 0.6300 (Major resistance if the breakout happens)
Bearish Breakdown Scenario
If price fails to break 0.6260 and gets rejected at the trendline, it could lead to a drop toward 0.6220 - 0.6200.
Bearish Confirmation: A strong rejection from 0.6260 or a break below 0.6240.
Trade Scenarios
✅ Bullish Case (Reversal / Breakout)
Entry: Above 0.6260 with confirmation (trendline breakout)
Target 1: 0.6280
Target 2: 0.6300
Stop Loss: Below 0.6235
🔻 Bearish Case (Continuation of Downtrend)
Entry: On rejection at 0.6260 or breakdown below 0.6240
Target 1: 0.6220
Target 2: 0.6200
Stop Loss: Above 0.6270
Conclusion
Watch for price action at 0.6260. A breakout = bullish move, rejection = bearish continuation.
Bias: Neutral for now, waiting for confirmation.