AUDUSD 22/05 – BREAKOUT OR REJECTION? WATCH 0.64137 KEY ZONE CLOSELY!
🌐 MACRO OVERVIEW
DXY is starting to lose momentum after a sharp rally fueled by the Fed’s hawkish stance. However, there’s still no clear signal of an imminent rate cut.
Meanwhile, the RBA (Reserve Bank of Australia) maintains a steady policy, offering short-term support for AUD. While rates remain unchanged, the central bank’s cautious tone adds a defensive layer for the Aussie.
On the trade front, Australia has seen marginal recovery in commodity prices, though ongoing concerns about Chinese economic slowdown continue to weigh on sentiment.
📊 TECHNICAL ANALYSIS (Timeframes: H1 – H4)
AUDUSD is forming a tight symmetrical triangle, with lower highs and higher lows — a typical precursor to a breakout.
The current price at 0.6418 is sitting right along the lower trendline. Price action here is critical to determine today’s direction.
🔍 Scenario A – Upside Breakout (30% probability):
If price breaks and closes above 0.64700–0.64910, we could see bullish continuation toward the 0.65134 resistance zone.
🔍 Scenario B – Breakdown (70% probability):
A strong break below 0.64137 could trigger a move toward 0.63964 and potentially deeper into the 0.63640 liquidity zone.
🎯 TODAY'S TRADE PLAN
🔵 BUY SCALP (only if price reacts strongly at trendline support)
Entry: 0.6414 – 0.6416
SL: 0.6408
TP Targets: 0.6445 → 0.6470 → 0.6490
🔴 SELL SETUP (if triangle is broken to the downside)
Entry: 0.6405 – 0.6396
SL: 0.6420
TP Targets: 0.6364 → 0.6340
⚠️ IMPORTANT NOTES
Expect high volatility during the U.S. session as PMI and Unemployment Claims data are released.
Stick to your TP/SL levels with discipline — the market may sweep liquidity on both sides before choosing a direction.
📌 SUMMARY:
AUDUSD is consolidating in a clean technical pattern while macro uncertainty looms. Whether we break up or down, the key is to trade what the market gives — not what we think. React to confirmation, not prediction.
🌐 MACRO OVERVIEW
DXY is starting to lose momentum after a sharp rally fueled by the Fed’s hawkish stance. However, there’s still no clear signal of an imminent rate cut.
Meanwhile, the RBA (Reserve Bank of Australia) maintains a steady policy, offering short-term support for AUD. While rates remain unchanged, the central bank’s cautious tone adds a defensive layer for the Aussie.
On the trade front, Australia has seen marginal recovery in commodity prices, though ongoing concerns about Chinese economic slowdown continue to weigh on sentiment.
📊 TECHNICAL ANALYSIS (Timeframes: H1 – H4)
AUDUSD is forming a tight symmetrical triangle, with lower highs and higher lows — a typical precursor to a breakout.
The current price at 0.6418 is sitting right along the lower trendline. Price action here is critical to determine today’s direction.
🔍 Scenario A – Upside Breakout (30% probability):
If price breaks and closes above 0.64700–0.64910, we could see bullish continuation toward the 0.65134 resistance zone.
🔍 Scenario B – Breakdown (70% probability):
A strong break below 0.64137 could trigger a move toward 0.63964 and potentially deeper into the 0.63640 liquidity zone.
🎯 TODAY'S TRADE PLAN
🔵 BUY SCALP (only if price reacts strongly at trendline support)
Entry: 0.6414 – 0.6416
SL: 0.6408
TP Targets: 0.6445 → 0.6470 → 0.6490
🔴 SELL SETUP (if triangle is broken to the downside)
Entry: 0.6405 – 0.6396
SL: 0.6420
TP Targets: 0.6364 → 0.6340
⚠️ IMPORTANT NOTES
Expect high volatility during the U.S. session as PMI and Unemployment Claims data are released.
Stick to your TP/SL levels with discipline — the market may sweep liquidity on both sides before choosing a direction.
📌 SUMMARY:
AUDUSD is consolidating in a clean technical pattern while macro uncertainty looms. Whether we break up or down, the key is to trade what the market gives — not what we think. React to confirmation, not prediction.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.