AUD/USD Analysis - April 1, 2025 (1H Timeframe)
Trend Overview
The pair is currently in a descending channel, forming lower highs and lower lows—indicating a downtrend.
Price has reached a strong demand zone (purple box) around 0.6240 - 0.6260, which has previously acted as support.
Key Levels to Watch
Support Zone (0.6240 - 0.6260)
If price holds and forms bullish price action (e.g., higher low, engulfing candle), we could see a reversal to the upside toward 0.6280 - 0.6300.
Bullish Confirmation: Break above 0.6260 and a close above the descending trendline.
Resistance Levels:
0.6260 (Immediate resistance & trendline rejection zone)
0.6280 - 0.6300 (Major resistance if the breakout happens)
Bearish Breakdown Scenario
If price fails to break 0.6260 and gets rejected at the trendline, it could lead to a drop toward 0.6220 - 0.6200.
Bearish Confirmation: A strong rejection from 0.6260 or a break below 0.6240.
Trade Scenarios
✅ Bullish Case (Reversal / Breakout)
Entry: Above 0.6260 with confirmation (trendline breakout)
Target 1: 0.6280
Target 2: 0.6300
Stop Loss: Below 0.6235
🔻 Bearish Case (Continuation of Downtrend)
Entry: On rejection at 0.6260 or breakdown below 0.6240
Target 1: 0.6220
Target 2: 0.6200
Stop Loss: Above 0.6270
Conclusion
Watch for price action at 0.6260. A breakout = bullish move, rejection = bearish continuation.
Bias: Neutral for now, waiting for confirmation.
Trend Overview
The pair is currently in a descending channel, forming lower highs and lower lows—indicating a downtrend.
Price has reached a strong demand zone (purple box) around 0.6240 - 0.6260, which has previously acted as support.
Key Levels to Watch
Support Zone (0.6240 - 0.6260)
If price holds and forms bullish price action (e.g., higher low, engulfing candle), we could see a reversal to the upside toward 0.6280 - 0.6300.
Bullish Confirmation: Break above 0.6260 and a close above the descending trendline.
Resistance Levels:
0.6260 (Immediate resistance & trendline rejection zone)
0.6280 - 0.6300 (Major resistance if the breakout happens)
Bearish Breakdown Scenario
If price fails to break 0.6260 and gets rejected at the trendline, it could lead to a drop toward 0.6220 - 0.6200.
Bearish Confirmation: A strong rejection from 0.6260 or a break below 0.6240.
Trade Scenarios
✅ Bullish Case (Reversal / Breakout)
Entry: Above 0.6260 with confirmation (trendline breakout)
Target 1: 0.6280
Target 2: 0.6300
Stop Loss: Below 0.6235
🔻 Bearish Case (Continuation of Downtrend)
Entry: On rejection at 0.6260 or breakdown below 0.6240
Target 1: 0.6220
Target 2: 0.6200
Stop Loss: Above 0.6270
Conclusion
Watch for price action at 0.6260. A breakout = bullish move, rejection = bearish continuation.
Bias: Neutral for now, waiting for confirmation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.