AUD/USD Bullish Breakout – Demand Zone Retest Before Targeting

📉 Chart Pattern:

🔻 Formed a descending wedge/channel pattern (yellow dots).

💥 Recently broke out upward — this is typically a bullish signal!


📦 DEMAND Zone (Support):

📘 Blue box labeled “DEMAND zone!” shows a strong area of buyer interest.

🔁 Price is currently retesting this zone — a healthy move after breakout.

✅ Holding this zone could confirm bullish continuation.

🎯 Target Point:

🚀 Marked at 0.65201 — labeled "TARGET POINT 065201".

📏 Measured move suggests this is a realistic bullish price objective.

📊 Technical Indicator (EMA 70):

📉 The 70 EMA (red line) is at 0.64037.

✅ Price is above the EMA, signaling upward momentum.

Upcoming Economic Events:

⚠️ Multiple high-impact news events (USD and AUD flags) are scheduled around April 30 – May 2.

🌪️ Expect potential volatility — manage risk accordingly!

Summary:

✅ Bias: Bullish

🟢 Buy Opportunity: If price holds above demand zone.

🎯 Target: 0.65201

❌ Invalidation: Break below demand zone → support near 0.63255