Post #4311

🇦🇺🇺🇸AUD/USD H2 Scenario – Technical & Fundamental Outlook The pair has shown a potential shift in structure after an extended bearish leg, finding strong demand near the 0.6460 – 0.6470 zone. Buyers are now attempting to regain short-term control as price breaks out of the descending channel and stabilizes above the 0.6500 key level. 📊Technical Outlook: 📌 Confirmed breakout from descending channel structure ✅ 📌 Clear support retest at 0.6480 – 0.6500, indicating potential accumulation ✅ 📌 Short-term bullish continuation remains likely while price holds above 0.6500 ✔️ 📌 Next major resistance lies near 0.6620 – 0.6630, aligning with previous structural highs This setup reflects a textbook break-and-retest scenario, with bullish momentum expected to strengthen upon a decisive push above the 0.6520 intraday zone. 📰Fundamental Insight: 📌 The Australian Dollar is supported by stabilization in commodity prices, particularly iron ore and energy exports, which remain crucial to Australia’s trade balance. 📌 The U.S. Dollar has weakened slightly following softer CPI and retail sales data, reinforcing expectations that the Federal Reserve could maintain rates unchanged in upcoming meetings. 📌 As inflation in the U.S. cools and global risk sentiment improves, investors are shifting capital toward higher-yielding assets, offering near-term support for AUD. 📌 Meanwhile, the RBA continues to maintain a cautious stance, balancing inflation control with growth concerns — adding to market speculation of limited downside risk for the Aussie. 💡Scenario: As long as price remains above 0.6500, the bias stays bullish toward 0.6620 – 0.6630. However, a confirmed break below 0.6480 could invalidate this structure and reopen the path toward 0.6420. 📈Bias: Bullish toward 0.6620 – 0.6630 📉Invalidation: Below 0.6480 ⸻ ✈️ For real-time market setups, institutional-grade insights & smart money concepts → Join our free Telegram channel @ShadowTraderFX