AUD/USD H4 – Bullish Continuation Setup
Price continues to respect the ascending channel, maintaining a sequence of higher highs and higher lows, which keeps the short-term bullish structure intact.
The current area of interest is the highlighted supply/resistance zone around 0.6950–0.6955. A clean break and close above this level would confirm bullish continuation and could open the path toward the next major resistance near 0.6995–0.7000.
Should price reject this resistance, I expect a healthy pullback into the highlighted demand zone and the channel support. As long as buyers defend this region, the overall bullish bias remains unchanged, and the pullback may present a higher-probability continuation entry.
Key Levels
Resistance: 0.6955 → 0.6995
Support: 0.6920–0.6935
Bias: Bullish while price remains above channel support.
Trade Idea
I'm waiting for either:
A confirmed breakout and retest above resistance for continuation, or
A rejection followed by a retracement into demand before looking for long opportunities.
As always, patience is key—let price confirm the next move rather than anticipating it.
This is my technical analysis based on current market structure and is not financial advice. Always manage your risk accordingly.
Price continues to respect the ascending channel, maintaining a sequence of higher highs and higher lows, which keeps the short-term bullish structure intact.
The current area of interest is the highlighted supply/resistance zone around 0.6950–0.6955. A clean break and close above this level would confirm bullish continuation and could open the path toward the next major resistance near 0.6995–0.7000.
Should price reject this resistance, I expect a healthy pullback into the highlighted demand zone and the channel support. As long as buyers defend this region, the overall bullish bias remains unchanged, and the pullback may present a higher-probability continuation entry.
Key Levels
Resistance: 0.6955 → 0.6995
Support: 0.6920–0.6935
Bias: Bullish while price remains above channel support.
Trade Idea
I'm waiting for either:
A confirmed breakout and retest above resistance for continuation, or
A rejection followed by a retracement into demand before looking for long opportunities.
As always, patience is key—let price confirm the next move rather than anticipating it.
This is my technical analysis based on current market structure and is not financial advice. Always manage your risk accordingly.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.