AUD/USD - Bullish Bounce Incoming?

📈 AUD/USD - Bullish Bounce Incoming? 🚀

The pair has reached a critical demand zone (highlighted in purple) with a confluence of strong support and resistance levels. This aligns with our bullish view for a potential recovery.

🔍 Key Factors Supporting the Buy Setup:
1️⃣ Demand Zone: The price has sharply tested a key historical demand area (around 0.6225–0.6275), showing signs of buyers stepping in.
2️⃣ Support Confluence:

Strong horizontal support at 0.6225.
Demand-supply zone overlap further strengthens the level.
3️⃣ Oversold Conditions: The recent sell-off appears overextended, increasing the likelihood of a reversal.
🚀 Upside Targets:

First Target: 0.6604 (short-term resistance).
Second Target: 0.6681–0.6696 (key Fibonacci retracement level).
🚨 Risk Management:

Stop Loss: Below 0.6140 (below the demand zone to avoid false breakouts).
💡 Pro Tip: Monitor price action closely in this zone for confirmation of bullish momentum before entering.

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