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.
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