AUD/USD Bears Eye Key Support After Rejection at Resistance Zone
In the 1-hour chart for AUD/USD, the price action shows a rejection at a well-defined resistance zone around 0.6590. This area has acted as a strong barrier, preventing further upward movement. The price has broken below a minor support level, confirming the bearish sentiment.
A potential bearish continuation towards the next significant support level is around 0.6540. If the price respects this level, it could lead to a consolidation phase or a possible bounce. However, if the bearish momentum persists, a break below 0.6540 could accelerate the downward move, with targets around 0.6517 and beyond.
The overall bias remains bearish unless the price can reclaim the resistance zone with a strong breakout.
A potential bearish continuation towards the next significant support level is around 0.6540. If the price respects this level, it could lead to a consolidation phase or a possible bounce. However, if the bearish momentum persists, a break below 0.6540 could accelerate the downward move, with targets around 0.6517 and beyond.
The overall bias remains bearish unless the price can reclaim the resistance zone with a strong breakout.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.