AUDUSD continues to trade within a broader bullish structure after successfully defending the 0.7100 - 0.7110 support region. The recent recovery from the lower zone suggests that buyers remain active, while price is now attempting to reclaim momentum above short-term consolidation resistance near 0.7184.The current structure appears to be developing as a continuation phase rather than a complete reversal, with higher lows slowly rebuilding bullish pressure. As long as the support zone continues holding, the broader structure remains constructive for another upside leg.
A clean breakout above 0.7184 could strengthen bullish momentum further and open the path toward the next upside targets around 0.72194, 0.72507, and eventually 0.72808.
We will update with further information soon
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.
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.