"From Bull Trap to Bear Victory – AUD/USD Setup You Need to See!
🔹AUD/USD Technical Analysis (4H Chart)
▪️AUD/USD is currently trading within a well-defined range between the resistance area around 0.65500 and the support zone near 0.63600. Price was recently rejected from the resistance level, showing signs of bearish momentum as indicated by the red arrow.
▪️If the pair breaks below the current support zone, we may see continuation towards the first target area around 0.62000. Below that, the demand zone near 0.60500 could provide strong buying interest, potentially igniting a bullish reversal.
🔹Key Levels to Watch:
▪️ Resistance: 0.65500
▪️ Support: 0.63600
▪️ Bearish Target: 0.62000
▪️ Major Demand Zone: 0.60500
▪️Bias remains bearish unless price reclaims and holds above the resistance area with strong volume confirmation.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
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▪️AUD/USD is currently trading within a well-defined range between the resistance area around 0.65500 and the support zone near 0.63600. Price was recently rejected from the resistance level, showing signs of bearish momentum as indicated by the red arrow.
▪️If the pair breaks below the current support zone, we may see continuation towards the first target area around 0.62000. Below that, the demand zone near 0.60500 could provide strong buying interest, potentially igniting a bullish reversal.
🔹Key Levels to Watch:
▪️ Resistance: 0.65500
▪️ Support: 0.63600
▪️ Bearish Target: 0.62000
▪️ Major Demand Zone: 0.60500
▪️Bias remains bearish unless price reclaims and holds above the resistance area with strong volume confirmation.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
Trade active
Note
trade running 70 pips+Trade closed manually
in good pips
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💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
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.