Optimal Buying Zones for the AUD/USD Pair (Medium-Term)
The AUD/USD pair is currently moving within a broad, sideways range. In the near term, there is a downward bias that may lead the price toward the demand zones identified on the chart.
The demand zones located near the 0.6900 level represent the lower boundary of this sideways range, making them the most significant areas for potential long positions (buying) on the pair.
Expected Targets
Should the price reach the identified demand zones near 0.6900, a rebound is expected, with potential targets at 0.6960 and 0.7040, respectively.
Conversely, this bullish outlook would be invalidated if the price breaks below these demand and support zones, confirmed by a strong bearish daily candle closing beneath them.
