AUD/USD at Key Support Zone

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The AUD/USD is presenting a Bullish Gartley Pattern on the daily chart, followed by a pullback into a critical support zone at 0.626 - 0.633. This area has proven to be a significant level for buyers, and current conditions suggest a potential reversal.

Buy Strategy: Retest at Support (0.626 - 0.633)

Rationale:

The 0.626 - 0.633 zone aligns with a critical support level where the last bullish reaction occurred.
If price shows signs of rejection or reversal here, a new bullish wave could develop.
The TDI Indicator is nearing a zone of buyer exhaustion and may signal a bullish divergence if price reacts positively to the support zone.

Trade Parameters:

Buy Zone: 0.626 - 0.633
Stop Loss: 0.621 (below the support zone)
Take Profit: 0.635 (near short-term resistance)
Risk-Reward Ratio: 1:2

Recommendation:

Monitor the 0.626 - 0.633 zone closely for signs of rejection or divergence on the TDI. A strong bullish candle in this area could provide confirmation for a potential upside move.

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