AUDUSD Bulls Defend Key Demand Zone – Is 0.7060 the Next?AUD/USDOANDA:AUDUSDFrankAgbo AUDUSD has reacted strongly from a significant 4H demand zone around 0.6990, where buyers stepped in after a sustained bearish move. The recent rejection wick and bullish response suggest that smart money may be accumulating positions at discounted prices. The highlighted blue zone has already proven its importance historically, acting as a base for previous bullish expansions. Price has now revisited this area and formed another rejection, increasing the probability of a short-term upside move. 🔍 Smart Money Concept (SMC) Perspective ✅ Demand Zone Mitigation Price returned to an unmitigated demand area. Liquidity below previous lows appears to have been swept. Strong reaction indicates institutional buying interest. ✅ Sell-Side Liquidity Taken Equal lows and resting stop-losses beneath recent structure were likely targeted. After liquidity was collected, buyers quickly pushed price higher. ✅ Potential Market Structure Shift A break above nearby lower highs could confirm a bullish shift in market structure. This would strengthen the case for continuation toward higher liquidity pools. 🎯 Bullish Targets Target 1: 0.7025 Target 2: 0.7040 Target 3: 0.7060 (major liquidity objective) The green target zone aligns with an area where buy-side liquidity may be resting, making it a logical destination if bullish momentum continues. 🛑 Invalidation A decisive 4H close below 0.6980 would weaken the bullish setup and suggest sellers remain in control. 📊 What Traders Should Watch Break of recent lower highs. Increased bullish volume from demand. Formation of higher lows on lower timeframes. Possible continuation toward premium pricing above 0.7050. Conclusion AUDUSD is currently sitting at a critical reaction point. The sweep of sell-side liquidity combined with the strong bounce from demand gives bulls an opportunity to target the next liquidity pool near 0.7060. Confirmation through market structure shifts will be key before expecting a larger bullish expansion. 🚀 Bias: Bullish 📍Entry Zone: 0.6990 – 0.7000 🎯Target: 0.7060 🛑Stop Loss: Below 0.6980 Trade what you see, not what you think. Always manage risk. #AUDUSD #Forex #SMC #PriceAction #TradingView #SmartMoneyConcept #ForexTrading #Liquidity #DemandZone #FrankFx