AUD/USD) Bullish trend analysis Read The captionAustralian vs US DollarICMARKETS:AUDUSDSMC-Trading-PointSMC Trading point update technical analysis of AUD/USD, expecting a short-term corrective move upward toward the 0.6528–0.6530 target zone before potential continuation or rejection. Here’s the breakdown 👇 --- Overall Idea The analysis shows a potential bullish correction after a recent downtrend. The market is expected to retest a key Fibonacci + EMA confluence area before deciding the next major move — so it’s a buy setup toward resistance (target zone). --- Key Components 1. Market Structure Price formed a clear swing low (0), showing early signs of buyer activity. A break of the descending trendline is projected, suggesting momentum shifting upward. The short-term plan is a retracement to previous supply (0.6528 zone). 2. Fibonacci Retracement Zone The retracement area between 0.62 – 0.79 levels represents the target zone. This blue zone aligns with the previous structure resistance, making it a logical take-profit area for short-term buyers or a potential sell zone for continuation traders. 3. EMA Confluence 50 EMA (0.65024) and 200 EMA (0.65287) sit inside or near the target zone — strong dynamic resistance levels. The projected price path suggests the market will retest these EMAs before possibly facing rejection. 4. Projected Path Price expected to break minor resistance, then pull back to form a higher low, and finally push upward to the target zone (0.6530). The target point aligns perfectly with the 0.79 Fibonacci level and EMA confluence, marking it as a high-probability reaction area. Mr SMC Trading point --- Summary Market bias: Short-term bullish (retracement move) Entry idea: Look for minor pullback and bullish continuation after trendline break Target zone: 0.6528 – 0.6530 Confirmation: Break of descending structure and retest of minor support Invalidation: Break below 0.6460 (previous swing low) --- Please support boost 🚀 this analysis