"AUD/USD Rejection Expected – Short Setup Explained"

1 set

Technical Analysis of AUDUSD

1. Key Resistance Zone at 0.6560

The price is testing a major resistance level aligned with a descending trendline. This zone has rejected price multiple times, indicating strong selling pressure.

2. Potential Reversal Zone

If the resistance holds, we may see a bearish reversal targeting lower support levels. Sellers will likely step in here.

3. First Target at 0.6480

The initial support and first target for a potential drop sits near 0.6480, providing a short-term bearish objective.

4. Demand Zone at 0.6415

This zone represents a strong demand area and could act as the final target for sellers if the downtrend continues.

5. Trendline Confluence

The descending red trendline reinforces the bearish sentiment, as price remains below this dynamic resistance.

6. Bearish Scenario

Failure to break 0.6560 may lead to a move down toward the 0.6480 and 0.6415 levels.

7. Bullish Breakout Confirmation

A strong breakout and close above 0.6560 could shift momentum bullish, targeting 0.6620 and beyond.

8. Short-Term Price Action

Expect consolidation near the resistance before a breakout or rejection occurs.

9. Risk Management Reminder

Traders should place stop-loss above the resistance area to avoid false breakouts.

10. Market Sentiment

Overall sentiment remains bearish below 0.6560, but watch for signs of reversal if the breakout occurs.

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2 set

Trade attivo

2 set

Nota

1st target hit,

7 set

Trade chiuso: obiettivo raggiunto