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Sell-Off Incoming? AUD/USD Faces Strong Resistance

219
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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