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AUD/USD – Technical Analysis – 4h

February 4, 2026 13:02

Quick Summary

The AUD/USD 4-hour chart reveals a consistent bullish trend.

The asset has been making higher highs and higher lows, indicative of a positive momentum.

Key psychological levels are playing crucial roles in the current price action.

Candlestick Analysis

There’s a noticeable upward trend since mid-January, characterized by a series of bullish candlesticks.

Recent formation of a bullish engulfing pattern indicates potential continuation of the prior uptrend.

A breakout was observed above 0.7000, suggesting a significant psychological and technical level now acting as support.

MACD Analysis

The MACD line is above the Signal line, showing a bullish crossover recently, which suggests positive momentum.

The MACD histogram is slightly in the positive, reinforcing bullish momentum, but shows signs of weakening as the bars are reducing in height.

No clear divergence seen at this moment; MACD supports price action.

Volume Analysis

Volume appears to decrease as price consolidates around 0.7050, indicating less strength in the recent up-move.

Previous breakout above 0.7000 was accompanied by increased volume, validating the current support level.

No unusual spikes; volume seems stable, albeit slightly diminishing.

Support & Resistance

0.7000 level acts as a strong support given its role as a psychological barrier and prior resistance.

0.70500.7100 region is acting as resistance as the price struggles to break and sustain above these levels.

Traders should monitor these key levels for any breakout or reversal signs.

Actionable Insights

Consider a buy on dips near the 0.7000 support with a stop loss slightly below 0.6980 to manage risk.

Pay attention to a potential breakout above 0.7050 for further buying opportunities.

Watch for a sustained move and volume confirmation above 0.7050 for bullish continuation.

The AI Technical Analysis Center is an informational tool only and does not constitute investment or trading advice.
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