AUD/USD Bullish Breakout Setup – Key Levels & Trade Plan

The 4H timeframe shows AUD/USD trading within an ascending triangle, indicating a potential bullish breakout.

The price is respecting the rising trendline, showing strong demand at support levels.

Key resistance at 0.6402 is a crucial breakout level for further bullish momentum.

Trade Setup & Levels:
Entry Zone: Above 0.6320 (trendline support)

Target 1 (TP1): 0.6402 (previous high & resistance)

Target 2 (TP2): 0.6686 (Fibonacci 70% extension)

Stop Loss (SL): Below 0.6195 (structure support)

Bullish Confirmation Factors:
✅ Breakout above key resistance will confirm a bullish rally.
✅ Trendline support holding strong, preventing deeper pullbacks.
✅ Higher lows formation, signaling continued upward pressure.

Conclusion:
A breakout above 0.6402 will confirm further upside potential. If the price sustains above this level, we expect a move toward 0.6686, aligning with Fibonacci confluence and historical resistance. 🚀