FX.co ★ malamalik | AUD/USD

Greetings. Based on my current analysis of AUD/USD, the overall market structure remains strongly bullish across multiple timeframes. On the four-hour chart, the price is trading above the bullish Ichimoku Cloud, which is one of the clearest technical signals that the upward trend is still intact. As long as the market remains above the cloud, I believe buyers continue to have the advantage and the path of least resistance remains to the upside. When I expand my view to the daily timeframe, the picture remains largely the same. The trend continues to point upward, with no major signs of a reversal at this stage. The market has been consistently forming higher highs and higher lows, which is a classic characteristic of a healthy bullish trend. This suggests that buyers are still willing to enter the market on pullbacks and support higher prices. The weekly chart further strengthens this outlook. The longer-term trend also remains bullish, which means that the current upward movement is supported not only by short-term momentum but also by broader market sentiment. When multiple timeframes align in the same direction, I generally place more confidence in the prevailing trend because it reflects strength across different groups of market participants.

Given this technical alignment, I believe the uptrend still has the potential to continue. My immediate expectation is for the price to move toward the 0.7200 level for another test. This area is likely to be an important point of interest because it could act as either resistance or confirmation of continued bullish momentum. Once the market reaches that zone, I will closely monitor price action to determine whether buyers have enough strength to push even higher. At the same time, I remain cautious about potential warning signs. A strong bearish rejection from the 0.7200 area could indicate that the market is attempting to challenge the current uptrend. If a sharp downward rebound develops from that level, it may signal the beginning of a deeper correction or even an attempt to break the broader bullish structure. Until such evidence appears, however, I continue to favor the bullish scenario.