AUDUSD H4: Trendline Support Keeps the Bullish Structure Intact

Wait 5 sec.

AUDUSD H4: Trendline Support Keeps the Bullish Structure IntactAUD/USDOANDA:AUDUSDParadise_NoirAUDUSD continues to maintain a bullish structure on the H4 timeframe, with price moving inside a well-defined ascending channel. The recent sharp pullback has brought price back toward the lower boundary of the channel around 0.7160, where buyers are beginning to show a reaction. If price continues to hold above the 0.7160 support area and buying pressure strengthens, I expect AUDUSD to recover toward the 0.7200 resistance zone. A clean break above this level could allow the broader bullish trend to extend further. From a technical perspective, the rising trendline remains the key support for the current structure. Therefore, I favor a “buy on pullback” scenario as long as price continues to respect the lower boundary of the ascending channel. Main Trend: Bullish | Support: 0.7160 | Target: 0.7200