AUD/USD: Base Formation Signals Potential Upside Expansion

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#AUD/USD# AUD/USD: Base Formation Signals Potential Upside Expansion

After a sustained corrective drive lower, AUD/USD on the 1-hour timeframe has established a solid support consolidation zone near the 0.7004 level. Price action shows reduced selling pressure, rounding off into a base structure with potential long setups targeting overhead liquidity.

Buy Stop: 0.7049

Stop-Loss Zone: 0.7001

Target 1: 0.71004

Target 2: 0.71506

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