AUDUSD has recovered from the 0.6990 area, but buyers are still struggling near 0.7080–0.7090. The rebound looks slow, and recent candles suggest hesitation rather than strong bullish commitment.
For traders, this remains a sell-on-rally setup unless price breaks back above 0.7100 with strength.
Trade Setup:
Sell Zone: 0.7080 – 0.7090
Stop Loss: 0.7115
Take Profit 1: 0.7030
Take Profit 2: 0.7000
Take Profit 3: 0.6980
Below 0.7100, sellers still hold the short-term advantage.
For traders, this remains a sell-on-rally setup unless price breaks back above 0.7100 with strength.
Trade Setup:
Sell Zone: 0.7080 – 0.7090
Stop Loss: 0.7115
Take Profit 1: 0.7030
Take Profit 2: 0.7000
Take Profit 3: 0.6980
Below 0.7100, sellers still hold the short-term advantage.
Related publications
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.
Related publications
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.