AUD/USD is dancing around the 0.6477 zone, right inside a well-respected supply area that has held since March. Each touch here has resulted in a strong bearish reaction. Is history about to repeat itself again?
🔵 Key Levels:
Supply Zone: 0.64500 – 0.64900 (Current rejection area)
Mid-level Support: 0.62422
Demand Zone: 0.59688 – 0.60000
⚠️ Price Action Insights:
Rejection from the top supply zone after repeated tests — suggesting supply is still strong.
Bearish pressure could send the pair back down to 0.6242 and potentially even lower to 0.5968 if sellers dominate.
Recent price behavior shows lower highs, and failure to break resistance = potential distribution phase.
🔻 Bearish Outlook:
Watch for bearish confirmation candles or break of intraday trendline support.
Target 1: 0.62422
Target 2: 0.59688
🧠 Pro Tip:
Look for divergence, volume spikes, or structure breaks around this area to catch a high-RR short entry. 📉
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💬 What’s your take? Are you shorting AUD/USD here or expecting a breakout this time?
Let’s hear your strategy 👇👇
#AUDUSD #Forex #PriceAction #SupplyAndDemand #LuxAlgo #4HChart #TechnicalAnalysis #SmartMoney #TradingView #DollarIndex
🔵 Key Levels:
Supply Zone: 0.64500 – 0.64900 (Current rejection area)
Mid-level Support: 0.62422
Demand Zone: 0.59688 – 0.60000
⚠️ Price Action Insights:
Rejection from the top supply zone after repeated tests — suggesting supply is still strong.
Bearish pressure could send the pair back down to 0.6242 and potentially even lower to 0.5968 if sellers dominate.
Recent price behavior shows lower highs, and failure to break resistance = potential distribution phase.
🔻 Bearish Outlook:
Watch for bearish confirmation candles or break of intraday trendline support.
Target 1: 0.62422
Target 2: 0.59688
🧠 Pro Tip:
Look for divergence, volume spikes, or structure breaks around this area to catch a high-RR short entry. 📉
---
💬 What’s your take? Are you shorting AUD/USD here or expecting a breakout this time?
Let’s hear your strategy 👇👇
#AUDUSD #Forex #PriceAction #SupplyAndDemand #LuxAlgo #4HChart #TechnicalAnalysis #SmartMoney #TradingView #DollarIndex
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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.