AUD/USD Eyes Further Upside
📊AUD/USD is showing signs of maintaining its broader bullish structure despite the recent pullback from resistance. Price has retraced into a key demand zone where the ascending trendline, previous breakout area, and Ichimoku support are aligning, creating a strong technical confluence. The recent decline appears to be a healthy correction rather than a confirmed trend reversal, suggesting buyers may regain control if support continues to hold. As long as price remains above the highlighted demand zone, the overall outlook continues to favor the upside. A bullish reaction from this area could confirm renewed buying momentum and support another advance. 🔍
🚀 If buyers successfully defend the current support and push price above nearby resistance, the next bullish objective is 0.7089. 🎯 A sustained move higher would reinforce the existing uptrend and increase the probability of reaching the projected target. ⚠️ However, a break below the highlighted support zone could delay the bullish scenario and lead to a deeper corrective move before buyers attempt another recovery.
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