AUD/USD Bullish Reversal After Trendline Break | Buyers Taking Australian Dollar / US DollarCAPITALCOM:AUDUSDTheforexprojoAUD/USD is showing signs of a potential bullish reversal after breaking the descending trendline on the 5-minute chart. Price reacted strongly from the key support zone around 0.71166, where buyers stepped in aggressively. The market is now attempting to build momentum above the moving averages, which could signal a short-term trend shift. What Iām Watching: Strong hold above support Bullish momentum continuation Clean structure formation Break above minor highs for confirmation Bullish Target: šÆ 0.71650 resistance zone If price maintains bullish pressure and continues closing above the moving averages, we could see a continuation toward the marked supply area. Bearish Scenario: A breakdown below 0.71166 would weaken the bullish setup and could bring sellers back into control. š Trade Safe & Always Manage Your Risk. #AUDUSD #Forex #TradingView #PriceAction #ForexTrading #TechnicalAnalysis #DayTrading #SupportAndResistance #TrendlineBreak #TheForexPro