The Aussie has broken decisively below its consolidation range and ascending trendline, triggering a strong bearish continuation.
📉 Key Technical Highlights:
Price rejected the upper bound of the range (~0.6550) and breached the trigger zone (~0.6485), confirming bearish intent.
The POI at ~0.6439 was quickly taken out, signaling aggressive sellers in control.
Price is now approaching a demand zone near 0.6377, where a bounce or pause could occur.
🔎 What to Watch:
Continued bearish momentum could break below the demand zone, accelerating downside.
A short-term retracement toward the trigger level (~0.6485) could offer re-entry opportunities for bears.
Summary:
AUD/USD has transitioned from range-bound to trending, with strong bearish pressure. Sellers remain in control unless bulls can reclaim key levels above 0.6485. Watch the 0.6377 zone for reaction
📉 Key Technical Highlights:
Price rejected the upper bound of the range (~0.6550) and breached the trigger zone (~0.6485), confirming bearish intent.
The POI at ~0.6439 was quickly taken out, signaling aggressive sellers in control.
Price is now approaching a demand zone near 0.6377, where a bounce or pause could occur.
🔎 What to Watch:
Continued bearish momentum could break below the demand zone, accelerating downside.
A short-term retracement toward the trigger level (~0.6485) could offer re-entry opportunities for bears.
Summary:
AUD/USD has transitioned from range-bound to trending, with strong bearish pressure. Sellers remain in control unless bulls can reclaim key levels above 0.6485. Watch the 0.6377 zone for reaction
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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.
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.