AUD/USD Price Action Analysis – Range Trading Opportunity
📉 AUD/USD Price Action Analysis – Range Trading Opportunity 🔁
⚙️ Market Structure Overview:
The AUD/USD pair is currently exhibiting a well-defined range-bound market structure between the Support Zone (0.63800 – 0.64000) and the Resistance Zone (0.65200 – 0.65400).
🟩 Support Zone
📍 Identified by multiple price rejections and bullish reversals (marked with ⬆️ arrows).
💡 This area represents strong buying interest, making it a potential long-entry zone on bullish confirmation.
🟥 Resistance Zone
📍 Marked by two sharp rejections (⬇️ arrows) and upper wicks.
💡 This zone has served as a supply area, where sellers overpower buyers, signaling potential short opportunities.
🔄 Current Scenario:
Price is approaching the support zone again after rejecting the resistance area. Based on historical behavior:
📉 Short-term Bearish Momentum is in play until support is tested.
📈 Potential Bullish Reversal is likely if support holds — aligning with previous bounce behavior.
🔮 Trade Ideas:
📈 Bullish Setup:
📍Entry: Near support zone (~0.63850)
🎯Target: Resistance zone (~0.65250)
🛑Stop-loss: Below support (~0.63650)
📉 Bearish Setup (Breakdown Scenario):
📍Entry: On confirmed break below support (~0.63800)
🎯Target: Lower structure zones (TBD based on breakout leg)
🛑Stop-loss: Above broken support
📅 Key Risk Events:
🔔 Multiple high-impact USD and AUD economic events approaching.
🧭 Traders should monitor fundamentals closely for increased volatility and breakout potential.
🧠 Summary:
📌 The AUD/USD pair is currently respecting a range-bound structure.
🧱 Buying from support and selling from resistance remains the most probable high-probability strategy.
📊 Range trading suits this setup until a confirmed breakout or breakdown occurs.
🔔 Like & Follow for more clean, structured trade setups and zone-based price action ideas!
⚙️ Market Structure Overview:
The AUD/USD pair is currently exhibiting a well-defined range-bound market structure between the Support Zone (0.63800 – 0.64000) and the Resistance Zone (0.65200 – 0.65400).
🟩 Support Zone
📍 Identified by multiple price rejections and bullish reversals (marked with ⬆️ arrows).
💡 This area represents strong buying interest, making it a potential long-entry zone on bullish confirmation.
🟥 Resistance Zone
📍 Marked by two sharp rejections (⬇️ arrows) and upper wicks.
💡 This zone has served as a supply area, where sellers overpower buyers, signaling potential short opportunities.
🔄 Current Scenario:
Price is approaching the support zone again after rejecting the resistance area. Based on historical behavior:
📉 Short-term Bearish Momentum is in play until support is tested.
📈 Potential Bullish Reversal is likely if support holds — aligning with previous bounce behavior.
🔮 Trade Ideas:
📈 Bullish Setup:
📍Entry: Near support zone (~0.63850)
🎯Target: Resistance zone (~0.65250)
🛑Stop-loss: Below support (~0.63650)
📉 Bearish Setup (Breakdown Scenario):
📍Entry: On confirmed break below support (~0.63800)
🎯Target: Lower structure zones (TBD based on breakout leg)
🛑Stop-loss: Above broken support
📅 Key Risk Events:
🔔 Multiple high-impact USD and AUD economic events approaching.
🧭 Traders should monitor fundamentals closely for increased volatility and breakout potential.
🧠 Summary:
📌 The AUD/USD pair is currently respecting a range-bound structure.
🧱 Buying from support and selling from resistance remains the most probable high-probability strategy.
📊 Range trading suits this setup until a confirmed breakout or breakdown occurs.
🔔 Like & Follow for more clean, structured trade setups and zone-based price action ideas!
Trade active
60+ pips running target active
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.
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.