Technical Analysis of AUD/USD (1H Chart)
The price tested a well-defined supply zone (0.63154–0.63366) and faced rejection, confirming strong resistance. The bearish momentum suggests a continuation toward the target area at 0.62373–0.62352.
- Supply Zone Holding: Price failed to break above resistance.
- Bearish Momentum: Selling pressure increasing after rejection.
- Target Area: Potential downside continuation toward 0.62352.
A break above the supply zone could invalidate the bearish setup, while sustained rejection favors further downside.
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The price tested a well-defined supply zone (0.63154–0.63366) and faced rejection, confirming strong resistance. The bearish momentum suggests a continuation toward the target area at 0.62373–0.62352.
- Supply Zone Holding: Price failed to break above resistance.
- Bearish Momentum: Selling pressure increasing after rejection.
- Target Area: Potential downside continuation toward 0.62352.
A break above the supply zone could invalidate the bearish setup, while sustained rejection favors further downside.
If you enjoy, press the like button.
Trade active
Trade closed: target reached
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💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
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.