AUD/USD: Bearish Momentum Continues - Looking for a Swing Short Opportunity

AUD/USDShortSwing3h ago1 views

Trade Setup

Entry Price

0.65077

Stop Loss

0.65645

Take Profit

0.63941

Risk : Reward

1 : 2.00

RiskReward

Market Structure and Technical Confluence


Good morning, KoraFX community! Vihaan here, checking in with a swing trade idea on AUD/USD. The pair continues to exhibit a clear bearish trend, currently trading around 0.64963 after a -0.36% drop over the last 24 hours. Price action has been consistently struggling below key resistance levels. Specifically, the 0.6532 resistance has proven formidable, and any push towards the 0.655 mark has met strong selling

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