"AUD/USD Bullish Setup: Key Levels to Watch"

🔹 Technical Analysis of AUD/USD (4H Chart)

🔹 Market Structure & Trend Analysis
▪️ The price is currently in an uptrend, respecting a rising trendline that has acted as dynamic support.
▪️ Multiple rejections from the trendline indicate strong bullish sentiment.
▪️ The market has broken past key resistance zones, turning them into support.

🔹 Key Support & Resistance Levels
▪️ Support Zones:
▪️ Point of Interest (POI) at 0.62900: A significant demand area where price is expected to react.
▪️ Lower Support at 0.62500: Potential fallback level if the POI fails to hold.
▪️ Resistance Zones:
- 1st Target at 0.64411: Next major resistance where sellers might step in.
- 2nd Target at 0.64972: A higher resistance level for extended bullish targets.

🔹 Price Action & Gaps
- A previous gap in price was filled, confirming strong bullish momentum.
- Retests of previous breakout zones suggest market structure is holding.

🔹 Expected Market Movement
▪️ Bullish Scenario:
- A potential pullback to the trendline & POI is expected before a continuation upward.
- If support holds, price may rally towards 0.64411 (1st Target) and then 0.64972 (2nd Target).
▪️ Bearish Scenario:
- If the price breaks below the trendline, a move towards 0.62500 support may occur.
- Further downside could invalidate the bullish bias.

🔹 Conclusion
▪️ Overall bias remains bullish unless the price breaks below the trendline support.
▪️ Watching the POI zone reaction will be crucial for potential buy opportunities.
▪️ Targets remain at 0.64411 and 0.64972 if bullish momentum continues.

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