Current Market Trend: Bearish 📉
AUD/USD has been in a strong downtrend, experiencing significant selling pressure. After a continuous decline, the pair has now found support around the 0.61900 level, where buyers have stepped in, leading to a short-term rebound.
Possible Scenarios:
📈 Bullish Scenario:
If AUD/USD manages to break and hold above the 0.62200 resistance level, we may see further upside movement toward 0.62300 and potentially 0.62800.
A successful breakout above 0.62800 could signal a trend reversal, leading to further bullish momentum.
📉 Bearish Scenario:
If the pair fails to break above 0.62200, selling pressure may increase, pushing the price lower.
A move below 0.61900 could indicate weakness, with the next downside targets at 0.61700 and 0.60900.
A break below 0.60900 would confirm a deeper bearish trend, opening the door for further downside moves.
Trading Strategy:
Bullish entry: After a confirmed breakout above 0.62200, targeting 0.62800 with a stop-loss below 0.61900.
Bearish entry: If the price rejects 0.62200, looking for short positions with targets at 0.61700 and 0.60900.
AUD/USD has been in a strong downtrend, experiencing significant selling pressure. After a continuous decline, the pair has now found support around the 0.61900 level, where buyers have stepped in, leading to a short-term rebound.
Possible Scenarios:
📈 Bullish Scenario:
If AUD/USD manages to break and hold above the 0.62200 resistance level, we may see further upside movement toward 0.62300 and potentially 0.62800.
A successful breakout above 0.62800 could signal a trend reversal, leading to further bullish momentum.
📉 Bearish Scenario:
If the pair fails to break above 0.62200, selling pressure may increase, pushing the price lower.
A move below 0.61900 could indicate weakness, with the next downside targets at 0.61700 and 0.60900.
A break below 0.60900 would confirm a deeper bearish trend, opening the door for further downside moves.
Trading Strategy:
Bullish entry: After a confirmed breakout above 0.62200, targeting 0.62800 with a stop-loss below 0.61900.
Bearish entry: If the price rejects 0.62200, looking for short positions with targets at 0.61700 and 0.60900.
Trade closed: target reached
Join My Telegram Channel for Signals and Technical Charts
t.me/Pipsviewtrading
Contact: t.me/Pipsviewadmin
t.me/Pipsviewtrading
Contact: t.me/Pipsviewadmin
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.
Join My Telegram Channel for Signals and Technical Charts
t.me/Pipsviewtrading
Contact: t.me/Pipsviewadmin
t.me/Pipsviewtrading
Contact: t.me/Pipsviewadmin
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.