AUD/USD Intraday Short: Bearish Momentum Confirmed, Targeting Lower Support

AUD/USDShortIntraday1w ago12 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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