AUD/USD – 8H – BUY

The AUD/USD 8H signal is strongly bullish, with a confluence of trendline, candlestick, and indicator signals aligning. The break above the major trendline, coupled with the MACD zero cross up and the DEMA/EMA break ups, indicates a shift in momentum from bearish to bullish. The KAMA retreat up and the MA break up further confirm the upward bias. The trend across lower timeframes is consistently bullish, with the 1H showing a very strong trend (4/5), which supports the 8H signal. However, the higher timeframes are less supportive, with the 12H showing choppy/sideways action and the 1D still bearish, suggesting this is a counter-trend move within a larger downtrend. The nearest support is at 0.69616, which is a key level to watch; a break below this could invalidate the bullish setup. The nearest resistance is not defined, so traders should look for potential resistance levels on higher timeframes or use recent swing highs as targets.