Technical Analysis:
Trend Context:
On H4 and Daily, AUD/USD is in a downtrend or corrective phase within a broader bearish structure.
Recent rallies have failed to break key resistance at 0.6550-0.6560, forming a double top/weak continuation.
Key Levels:
Resistance Zone: 0.6550 – 0.6565
Support Zone: 0.6460 – 0.6440
Next Major Support: 0.6400 (if 0.6460 breaks)
Trade Setup: AUD/USD Short at 0.65256
🔻 Position: Sell AUD/USD
🔹 Entry Price: 0.65256
🎯 Target: 0.64600 (Initial TP)
🛑 Stop-Loss: 0.65580
🔧 Risk:Reward Ratio: ~1:2
Trend Context:
On H4 and Daily, AUD/USD is in a downtrend or corrective phase within a broader bearish structure.
Recent rallies have failed to break key resistance at 0.6550-0.6560, forming a double top/weak continuation.
Key Levels:
Resistance Zone: 0.6550 – 0.6565
Support Zone: 0.6460 – 0.6440
Next Major Support: 0.6400 (if 0.6460 breaks)
Trade Setup: AUD/USD Short at 0.65256
🔻 Position: Sell AUD/USD
🔹 Entry Price: 0.65256
🎯 Target: 0.64600 (Initial TP)
🛑 Stop-Loss: 0.65580
🔧 Risk:Reward Ratio: ~1:2
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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.
✅FREE FREE FREE XAUUSD/BTCUSD SIGNALS ALWAYS FREEEEE.
t.me/+q1vYSTtzJeExZWE0
✅JOIN MY TELEGRAM FAST:❤️
☑️ JOIN NOW t.me/iforexco
✅BEST BROKER LINK: (EXNESS)
one.exnesstrack.net/a/zzz57mij30
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.