Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
AUDUSD Bearish Setup in Progress
Australian Dollar / U.S. Dollar
Short
AUDUSD Bearish Setup in Progress
By TopGBanks
Follow
Follow
Dec 9
4
Dec 9
AUDUSD has been in a steady downtrend and recently formed a potential supply zone (purple area) around $0.64600.
Price action suggests a bearish reaction at this zone, with the potential for lower highs before a continuation to the downside.
Liquidity below $0.64000 is the next probable target as sellers dominate the market.
The setup favors waiting for price to tap into the supply zone, showing clear rejection signs before executing shorts.
A break below recent lows would confirm bearish momentum, with further downside targets in the $0.64000.
aud
AUDUSD
Chart Patterns
Forex
topgbanks
Trend Analysis
TopGBanks
Follow
iSmashProfit
Also on:
Related publications
NZD/USD: Bulls Reloading at Demand Zones
by TopGBanks
My Bearish Setup in Progress on WTI Crude Oil
by TopGBanks
NZDJPY Offer Shorting Opportunities
by TopGBanks
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
.