AUD/USD Intraday Short: Bearish Momentum Confirmed, Targeting Lower Support
AUD/USDShortIntraday1w ago14 views
Trade Setup
Entry Price
0.65080
Stop Loss
0.65633
Take Profit
0.63974
Risk : Reward
1 : 2.00
RiskReward
Technical Outlook: Market Structure & Entry Confluence
Good morning, traders. My focus today is on AUD/USD, which continues to exhibit a clear bearish bias. The pair is currently trading at 0.64969, reflecting a 24-hour change of -0.00231 (-0.35%). This reinforces the underlying trend observed on higher timeframes. Looking at the intraday picture, the daily range has been 0.64624 to 0.65315.
My analysis identifies a high probability zone for a short entry around the 0.6508 level. This area represents a retest of previous support that has now likely flipped to resistance, just
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