AUD/USD Bullish Recovery Toward Key Resistance

Jun 14

AUD/USD is showing signs of a bullish recovery after breaking out of the descending channel that controlled price action for several sessions. The pair has established a higher low and is consolidating above the Ichimoku support zone, suggesting buyers are gradually regaining control.

The highlighted accumulation area indicates sustained buying interest, while the recent breakout from the bearish structure increases the probability of further upside. If momentum continues, price could advance toward the major resistance zone around **0.7100**, which aligns with the previous support-turned-resistance level marked as the target area.

🎯 **Target:** **0.7100**

⚠️ **Invalidation:** A move back below the recent consolidation range near **0.7030–0.7020** could weaken the bullish outlook and delay the recovery scenario.

**Trading Idea:** Buy the breakout and look for continuation toward **0.7100** while price remains above key support.

Jun 14

Trade active

Active Active

Jun 15

Trade closed: target reached

my given target is almost achieved