AUDUSD 4hour TF - July 6th, 2025AUDUSD 7/6/2025
AUDUSD 4hour Neutral idea
Monthly - Bearish
Weekly - Bearish
Dailly - Bullish
4hour - Ranging
We are still technically bullish overall but we can see here on the 4hour that AU is ranging between 0.65800 & 0.65500. This is a fairly small range so we’re not that interested in taking trades while price action is bouncing between these two zones.
We’re looking for conviction above 0.65800 or below 0.65500 before we can comfortably make a move. Let’s see what both of those situations would look like:
Bullish Continuation - Most of the trend data is suggesting AU is still bullish but we would need to see a strong push above resistance around 0.65800 with a confirmed higher low above before getting into any trades. If we do see this play out I'm looking toward 0.66750 resistance as a target.
Reversal back into channel - Price action seems to be poking out of the bottom of this range but we are still not convinced just yet. For us to strongly consider this a bearish move we would like to see a retest of 0.65500 as resistance followed by bearish conviction. Look for price action to move lower toward key support areas if this happens.
