AUD/USD Price Outlook – Trade SetupAustralian vs US DollarICMARKETS:AUDUSDATFX_Global🌐Macro Background USD Strength & Geopolitics: The US Dollar has rebounded from its post-NFP slump, driven by renewed geopolitical friction between the US and Iran around the Strait of Hormuz. This safe-haven bid is capping immediate upside for AUD/USD. RBA Policy Decision Ahead: Sellers remain cautious ahead of Tuesday's Reserve Bank of Australia (RBA) meeting. Markets widely expect the RBA to keep benchmark interest rates unchanged, leaving traders focused on forward guidance and policy outlook clues. 📊Technical Structure On the 4-hour chart, AUD/USD continues to trade within a well-defined Ascending Channel, indicating a broader bullish trend despite short-term consolidation. Resistance Zone (0.7091 - 0.7104): Marks the primary overhead target and upper boundary of the channel. Support Zone (0.7039 - 0.7051): Aligns with the lower-to-middle boundary of the rising channel and recent demand reaction zones. 🎯Trade Setup (Bullish Continuance / Dip Buy): Buy on a controlled pullback into the support zone. Entry Area: 0.7039- 0.7051 (Near Support Zone / Channel Mid-line) Target 1: 0.7080 (Interim Swing High) Target 2: 0.7091 - 0.7104 (Upper Resistance Zone) Stop Loss: Below 0.7030 ❌Invalidation A sustained close below 0.7039 invalidates the bullish structure and signals a breakdown of the ascending channel. 📝Trade Summary Look to buy AUD/USD on pullbacks into the 0.7039-0.7051 support zone, targeting 0.7091–0.7104 with a stop loss below 0.7030 ahead of Tuesday's RBA decision. ⚠️Disclaimer This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.