Aussie bulls defend the long-term Supertrend as risk appetite returns. Source: TradingView
Daily Bullish Setup
Buyers took the wheel and are driving up the hill. The daily chart reveals a V-shaped recovery directly off the 0.6833 structural pivot, a move so aggressive it forced the entire price complex back above the 21-EMA. That 21-EMA now acts as a dynamic floor, the road to monthly highs. The RSI has surged past 60, indicating that we aren’t even overbought yet despite this massive vertical climb. I love the technical symmetry here. The market absorbed the geopolitical shock, found its footing at the previous breakout zone, and is now punishing the late sellers who blindly chased the war headlines into a major demand pocket.
