AUD/USD BUY zone H4 chart analysis

AUD/USD:

Trade Setup

Entry: 0.62517

Final Target (TP): 0.64963

Stop Loss (SL): 0.61800 (Below recent support to protect against invalidation)


Support & Resistance Levels

Support Levels: 0.62200 - 0.62500 (Potential demand zone)

Resistance Levels: 0.64000 - 0.64963 (Major supply zone & upper trendline resistance)


Trade Outlook

Bullish Bias: Price is expected to rise from the support zone.

Confirmation Signals: Look for bullish rejection wicks, engulfing candles, or a break above 0.63100 for momentum confirmation.

Risk-to-Reward: Favorable setup with a good upside potential.