$AUDUSD – Confluence Buy Zone 🎯

[theSignalyst]

$AUDUSD is currently testing a major support confluence zone, where the rising blue trendline, the green demand area, and the lower boundary of the short-term red falling channel intersect. This cluster of technical factors adds strength to the support and keeps the overall structure bullish.

As long as price continues to hold above the 0.6450–0.6485 zone, the bullish outlook remains valid, and I’ll be looking for long opportunities from this area. A rebound from this level could trigger a move toward 0.6560, followed by 0.6620–0.6670, aligning with the upper boundary of the broader channel.

However, a 4H close below 0.6425 would invalidate this bullish scenario and shift the focus toward the next support zone near 0.6380.

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr.

[Couturier]

Nice confluence setup that 0.6450–0.6485 zone looks like solid demand — if bulls defend it again, we could see momentum pick up quick toward 0.6650