AUD/USD Bullish Setup: Demand Zone Bounce Toward 0.65600📈 Price Channel Analysis
🔼 The pair is moving within an ascending channel: • Support Line 🟦 – lower trendline showing bullish structure
* Resistance Line 🟥 – upper boundary acting as potential target
💡 This suggests bullish momentum is intact unless the price breaks below support.
📌 Key Trade Levels
🔵 Entry Point: 0.64361
* 👇 Positioned just above the DEMAND ZONE
* 📍Near the 70 EMA — a key dynamic support
🟨 Demand Zone: Area between 0.6400 – 0.6436
* 🧲 Buyers are expected here
* Good spot for a bullish entry
🔴 Stop Loss: 0.63995
* 🚨 Below the demand zone = limited risk
🟢 Target Point: 0.65600
* 🎯 Aligned with the upper resistance line
* Nice upside potential
⚙️ Technical Indicator
📉 EMA 70 (red line) = 0.64510
* Price is bouncing near it
* 📊 Acts as trend support — confirming buy idea
📊 Risk-to-Reward Ratio
🔻 Risk: ~36 pips (Entry → Stop Loss)
🔺 Reward: ~124 pips (Entry → Target)
✅ R:R Ratio ≈ 3.4:1 👍
🧠 Trade Idea Summary
📘 Trade Type 🔼 Buy (Long)
💰 Entry 0.64361
🛑 Stop Loss 0.63995
🎯 Target 0.65600
🌟 Bias Bullish
🔍 Final Thoughts
✅ Strong setup within a bullish channel
📉 EMA support + 🟦 Demand zone = Good confluence
📅 Watch out for USD news (see icons below chart)
