AUDUSD: 2 year Channel Down is making a rebound.

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AUDUSD is neutral on its 1D technical outlook (RSI = 53.859, MACD = 0.001, ADX = 20.007) as the price is consolidating on the 1D MA50. The first 3.5 months of 2025 have been a confirmed bottom for the 2 year Channel Down. All similar bullish waves on such bottoms reached at least the 0.618 Fibonacci retracement level. The trade is therefore long, TP = 0.66350.

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