AUD/USD is currently trading around 0.7250, showing mild intraday weakness after recent gains, but the broader structure remains bullish as price holds within an ascending channel.

The pair continues to respect both the 9-day EMA and 50-day EMA, reinforcing a constructive trend environment where buyers still maintain control.

📈 Momentum & Indicators
RSI (14) sits near 63, signaling strong bullish momentum without being overbought
Price action remains inside an ascending channel, supporting continuation bias
Market structure still favors buyers in the short term

🎯 Upside Scenario
If momentum holds, AUD/USD could:
Retest 0.7277 (recent high since June 2022)
A clean breakout above this level may open the path toward 0.7480 (upper channel boundary)

⚠️ Downside Risks
Immediate support levels to watch:
0.7230 (9-day EMA) → first key support zone
Below that, 0.7109 (50-day EMA) becomes critical
A break under the 50-day EMA would weaken bullish structure and shift bias lower toward 0.6833

🧭 Summary
As long as AUD/USD holds above 0.7230, the trend remains bullish with a bias toward retesting recent highs. Momentum is firm, but price is approaching resistance—so breakout confirmation is key.
— GoldScalping Signals 📉📈