AUD/USD is showing signs of bearish pressure after getting rejected from the key 0.65420 supply zone, marked by strong historical resistance and a high-volume node. Price tested this area multiple times but failed to break above, forming a potential lower high – a classic signal of institutional distribution.
🔵 Key Levels:
Resistance (Supply Zone): 0.65420
Mid-range support: 0.65040
Demand Zone: 0.64649 – 0.64400
🔻 Bearish Outlook: If price holds below 0.65420, we anticipate a drop first toward 0.65040, and potentially down to 0.64649, where a demand zone is likely to react. The previous bounce from demand suggests smart money accumulation below.
📌 Watch for:
Bearish engulfing or rejection wick candles near 0.65400.
Break below 0.65040 to confirm short continuation.
Confluence with macroeconomic events (FOMC, US data on the 17th–18th).
💬 Are you shorting AUD/USD from the supply zone? Drop your thoughts👇
#AUDUSD #Forex #SmartMoney #SupplyDemand #PriceAction #LuxAlgo #ForexTrading #TradingView #MarketStructure
🔵 Key Levels:
Resistance (Supply Zone): 0.65420
Mid-range support: 0.65040
Demand Zone: 0.64649 – 0.64400
🔻 Bearish Outlook: If price holds below 0.65420, we anticipate a drop first toward 0.65040, and potentially down to 0.64649, where a demand zone is likely to react. The previous bounce from demand suggests smart money accumulation below.
📌 Watch for:
Bearish engulfing or rejection wick candles near 0.65400.
Break below 0.65040 to confirm short continuation.
Confluence with macroeconomic events (FOMC, US data on the 17th–18th).
💬 Are you shorting AUD/USD from the supply zone? Drop your thoughts👇
#AUDUSD #Forex #SmartMoney #SupplyDemand #PriceAction #LuxAlgo #ForexTrading #TradingView #MarketStructure
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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.