"This Chart Screams SELL – Don’t Miss the Drop!"

222
📊 Technical analysis Of AUD/USD


🔍 Key Technical Zones
- Supply Zone: 0.63965 – 0.64286
- Resistance Area: 0.64286 (strong historical level)
- 1st Target: 0.62086
- Final Target: 0.60553

🧠 Market Structure Insight
Price has rallied into a key supply zone, aligning with a well-established resistance area. The bullish momentum appears to be exhausting as it enters this zone, supported by increasing volume near highs – a potential sign of distribution.

📉 Trade Outlook
If price shows rejection or bearish confirmation within the supply zone, short positions become favorable with the first target at 0.62086 and extended target at 0.60553.
Invalidation above 0.64286.

⚠️ Risk Note
Wait for candlestick confirmation or signs of rejection before entry. Momentum remains bullish until sellers step in.

If you enjoy, press the like button.
Trade active
from 0.63700
Note
still price at resistance area , hold your trades

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.