AUD/USD Price Action Analysis – Range Trading Opportunity📉 AUD/USD Price Action Analysis – Range Trading Opportunity 🔁
⚙️ Market Structure Overview:
The AUD/USD pair is currently exhibiting a well-defined range-bound market structure between the Support Zone (0.63800 – 0.64000) and the Resistance Zone (0.65200 – 0.65400).
🟩 Support Zone
📍 Identified by multiple price rejections and bullish reversals (marked with ⬆️ arrows).
💡 This area represents strong buying interest, making it a potential long-entry zone on bullish confirmation.
🟥 Resistance Zone
📍 Marked by two sharp rejections (⬇️ arrows) and upper wicks.
💡 This zone has served as a supply area, where sellers overpower buyers, signaling potential short opportunities.
🔄 Current Scenario:
Price is approaching the support zone again after rejecting the resistance area. Based on historical behavior:
📉 Short-term Bearish Momentum is in play until support is tested.
📈 Potential Bullish Reversal is likely if support holds — aligning with previous bounce behavior.
🔮 Trade Ideas:
📈 Bullish Setup:
📍Entry: Near support zone (~0.63850)
🎯Target: Resistance zone (~0.65250)
🛑Stop-loss: Below support (~0.63650)
📉 Bearish Setup (Breakdown Scenario):
📍Entry: On confirmed break below support (~0.63800)
🎯Target: Lower structure zones (TBD based on breakout leg)
🛑Stop-loss: Above broken support
📅 Key Risk Events:
🔔 Multiple high-impact USD and AUD economic events approaching.
🧭 Traders should monitor fundamentals closely for increased volatility and breakout potential.
🧠 Summary:
📌 The AUD/USD pair is currently respecting a range-bound structure.
🧱 Buying from support and selling from resistance remains the most probable high-probability strategy.
📊 Range trading suits this setup until a confirmed breakout or breakdown occurs.
🔔 Like & Follow for more clean, structured trade setups and zone-based price action ideas!
