EUR/AUD Timeframe H4 
On the EUR/AUD chart with an H4 timeframe, the price movement shows a significant change in structure compared to the consolidation phase that took place throughout May until early June. After moving in a relatively narrow range and interacting several times with the moving average area, this currency pair managed to form a strong bullish impulse in the second week of June. This increase pushed the price to break through the MA 100 and MA 200, thereby changing the market trend from neutral to bullish in the medium term. From a moving average perspective, the position of the MA 100 indicated by the blue line has now turned upwards and is above the dynamic support area. Meanwhile, the MA 200 indicated by the red line is still moving more slowly, but starting to lose the previous bearish slope. This configuration indicates that long-term selling pressure is starting to weaken and buyers have managed to take control of the market. The fact that the price is still trading above both moving averages indicates that the main trend on the H4 timeframe is still positive, although there have been some corrections in the recent sessions after reaching a new peak. The current correction appears to be a normal response after a sharp rally that brought the price close to a strong resistance at the 1.6515 area. After touching that zone, profit-taking emerged, pushing the price back down to around 1.6401. This decline has not changed the bullish structure that has formed because the price is still holding well above the MA 100 and MA 200. As long as these moving average areas can withstand selling pressure, the chances of a continuation of the uptrend are higher than a reversal downwards. In terms of horizontal support and resistance, the 1.6459 area is the nearest resistance to watch. This zone previously acted as a breakout area and can now serve as a confirmation point if the price moves back up. A convincing breakthrough above 1.6459 has the potential to open the way to the next resistance at 1.6515, which is the recent highest peak and a strong supply area. If buying pressure manages to push the price above 1.6515, the bullish structure will become more solid and potentially trigger further increases in the following sessions. On the downside, the 1.6302 area is an important support that currently acts as the first limit for buyer dominance. This level is significant as it is close to the positions of the MA 100 and MA 200, making it a strong confluence zone. As long as the price stays above 1.6302, the bullish outlook remains valid. If a deeper correction occurs and that support is breached, market attention will shift to the next horizontal support at 1.6187. A decline to that level will reduce the bullish momentum, but not completely negate the uptrend as long as the price can still form a healthy bounce. The next major support is around 1.6109. This area is a crucial foundation from the accumulation phase that occurred before the strong rally in early June. A breakthrough below that level will signal that the medium-term bullish structure has failed and the risk of a trend reversal to bearish will significantly increase. Overall, the technical condition of EUR/AUD on the H4 timeframe still shows a bullish tendency despite undergoing a correction phase. The price position above the MA 100 and MA 200 reflects that the main momentum is still in favor of buyers. The current correction appears more like a healthy retracement after an aggressive rise rather than the beginning of a new downtrend. As long as the price can maintain the support area at 1.6302 and not fall back below both moving averages, the opportunity to continue the rise towards 1.6459 and then retest 1.6515 remains open. Therefore, market participants' focus in the upcoming sessions will be on the ability of the price to maintain the dynamic support area around the MA 100 and MA 200 as a basis for continuing the bullish trend that has formed since early June.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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