FX.co ★ torp.paris | AUD/USD

Hello traders, esteemed colleagues at InvestSocial! AUDUSD — stabilization after a sharp correction with a test of strong support and potential for a bullish impulse continuation Timeframe and context The analysis is conducted on the hourly timeframe (H1), allowing to identify medium-term impulses and liquidity accumulation zones. After a confident upward movement with new highs above 0.710, the AUDUSD pair entered a phase of sharp correction, reaching the zone of 0.7055–0.7060. The current price stabilizes around 0.7067 with a slight positive close after testing the minimum of 0.7055, corresponding to the scenario of completing the correction phase at a key support with partial absorption of sales and volume accumulation before a possible return of buyers. Market structure: Bullish trend in the medium term perspective Locally, the market shows signs of easing selling pressure after the support test: - Forming a base around 0.7055–0.7060 with price holding above the lows and green closes appearing - Decrease in dominance of red candles in the current segment with long lower shadows, indicating rejection of lower levels - Lack of a confident breakthrough of support and stability after multiple tests of lower boundaries Sellers dominated in the correction phase, but their momentum weakened at support levels, opening opportunities for demand activation and resumption of the main upward movement. Liquidity and levels During the decline, liquidity was gathered below 0.7055 (buyers' stop-losses), but now the main accumulation is forming above current prices in the zones of 0.7071–0.7080 and further to 0.7090–0.7100. The zone of 0.7055–0.7060 confirmed its role as a reliable support: - Liquidity concentrates above, often preceding a breakout and gathering of sellers' stops - Current stabilization and level holding indicate the presence of sustainable demand - Approach to resistance zones is expected with increased volatility and upward movement expansion Projected movement: Impulsive bounce upwards Development of an upward impulse is expected after accumulation completion at support: - Consolidation above 0.7071 with subsequent acceleration - Breakout of the 0.7080–0.7090 zone with activation of pending purchases - Updating local correction highs and forming a new wave of growth Movement targets (Take Profit) TP1 — 0.7080 First significant resistance zone after the bounce Suitable for partial profit taking TP2 — 0.7090 Intermediate area with historical liquidity accumulation Opportunity for additional profit taking TP3 — 0.7100 Key medium-term target of the current bullish impulse Expected range of growth wave completion Risks and scenario cancellation conditions The scenario will be canceled under the following conditions: - Breakout and consolidation below 0.7055 with formation of new lows - Development of a descending structure with a series of lower highs and increased selling pressure Final conclusion Trend: medium-term bullish with local correction Correction: completion of the descending phase at strong support 0.7055–0.7060 Liquidity: main accumulation above 0.7071–0.7080, impulsive breakout upwards likely Targets: reaching levels of 0.7080, 0.7090, and 0.7100