Published: 9 February 2026,06:16
Chart The Market
AUDUSD, H4:
The AUDUSD pair, while currently consolidating within a sideways range that has temporarily paused its prior uptrend, is exhibiting a constructive technical formation. The recent price action has traced out a distinct “W” shape, representing a double bottom pattern—a classic bullish reversal structure that typically forms at the end of a corrective phase.
The immediate technical catalyst for confirming this bullish bias is a decisive break above the pattern’s resistance level, which coincides with the recent high near 0.7090. A sustained breakout above this threshold would provide strong validation that the corrective period has concluded and that the primary uptrend is resuming, opening a path toward higher resistance levels.
This optimistic interpretation is corroborated by a concurrent bullish shift in momentum indicators. The Relative Strength Index (RSI) has rebounded from lower levels, indicating a resurgence of buying pressure. Simultaneously, the Moving Average Convergence Divergence (MACD) indicator has generated a bullish golden crossover in proximity to its zero line, signaling that the underlying momentum is turning positive and aligning with the potential trend reversal suggested by the price pattern.
Resistance Levels: 0.7120, 0.7227
Support Levels: 0.6910, 0.6831
BTC, H4
Bitcoin has mounted a robust technical rebound, rallying approximately 18% from its recent nadir near the $60,000 mark. While this recovery signifies a significant pause in the selling pressure, it has thus far failed to achieve a key structural milestone: a decisive break above the 61.8% Fibonacci retracement level of the preceding decline. This inability to reclaim this crucial technical threshold suggests that, for now, the cryptocurrency remains structurally positioned within its broader downtrend trajectory.
The pivotal level for a bona fide bullish reversal is significantly higher, at approximately $72,905. A sustained breakout above this resistance would be required to invalidate the prevailing bearish structure and signal a credible trend reversal, indicating that buyers have regained definitive control of the market’s direction.
The momentum picture presents a nuanced, somewhat conflicting view. The Relative Strength Index has successfully broken out of its oversold territory, reflecting the undeniable strength of the recent rebound and a clear reduction in immediate selling pressure. However, the Moving Average Convergence Divergence indicator continues its descent, signaling that the underlying bearish momentum on a larger time frame remains intact and has not yet been reversed by the current rally.
Resistance Levels: 74,303.60, 84,077.00
Support Levels:62,666.00, 52,460.00
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