AUD/USD 4H: Approaches Channel Resistance as Momentum Improves!Australian Dollar vs US DollarCFI:AUDUSDCFIAUD/USD continues to trade within a well-defined ascending channel on the 4-hour chart, with the sequence of higher highs and higher lows remaining intact. Recent rebounds from the lower boundary near 0.7040 highlight consistent buying interest on pullbacks, reinforcing the broader bullish structure. Buyers Defend Key Support The latest pullback found support near the lower boundary of the channel before price reclaimed the 20-period moving average at 0.70597. This recovery suggests that demand remains strong, with buyers continuing to defend dips within the channel. Bollinger Bands Point to Further Upside Price rebounded cleanly from the lower Bollinger Band and has since moved back above the middle band. This recovery shifts attention toward the upper Bollinger Band near 0.7080, which closely aligns with channel resistance and represents the next key upside test. Momentum Remains Constructive The RSI (14) stands at 60.48, comfortably above both the neutral 50 level and its signal line at 57.02. This indicates improving bullish momentum without entering overbought territory. Channel Resistance Comes Into Focus AUD/USD is currently trading in the upper half of the channel, bringing the 0.7070–0.7080 resistance zone into focus. Previous rallies have struggled around this area, making it an important technical barrier within the broader bullish trend.