About one month ago, 
AUDUSD reached the 0.72 zone, where it tested a major resistance level formed by the 2022 and 2023 highs.
As expected, that area acted as a strong ceiling, and the pair began to roll over, eventually printing a local low around 0.6835.
Since then, price has started to recover, with bulls managing to push the pair back above the 0.70 milestone.
📊 Market Context
Despite this recent bounce, I do not see the conditions for a sustained bullish trend.
Instead, the price action suggests a range-bound environment, where:
- The upside is capped by 0.72 resistance
- The downside remains supported near the 0.68 and 0.67 zone (main support)
This type of structure typically favors mean-reversion trades, rather than trend-following setups.
📉 Trading Perspective
With this in mind, a move back toward the 0.72 resistance zone becomes particularly interesting.
- That area could offer a high-probability short opportunity
- Especially if price shows signs of rejection
From a risk management perspective:
Entry: Near 0.72 resistance
Target: Around 0.67
This setup provides a risk-to-reward ratio of over 1:4, fitting well within a disciplined trading plan
🚀 Final Thoughts
At this stage, AUDUSD looks less like a trending market and more like a structured range.
In such conditions, patience is key:
- We wait for price to reach extremes
- And act only when the market gives us a clear edge
AUDUSD reached the 0.72 zone, where it tested a major resistance level formed by the 2022 and 2023 highs.As expected, that area acted as a strong ceiling, and the pair began to roll over, eventually printing a local low around 0.6835.
Since then, price has started to recover, with bulls managing to push the pair back above the 0.70 milestone.
📊 Market Context
Despite this recent bounce, I do not see the conditions for a sustained bullish trend.
Instead, the price action suggests a range-bound environment, where:
- The upside is capped by 0.72 resistance
- The downside remains supported near the 0.68 and 0.67 zone (main support)
This type of structure typically favors mean-reversion trades, rather than trend-following setups.
📉 Trading Perspective
With this in mind, a move back toward the 0.72 resistance zone becomes particularly interesting.
- That area could offer a high-probability short opportunity
- Especially if price shows signs of rejection
From a risk management perspective:
Entry: Near 0.72 resistance
Target: Around 0.67
This setup provides a risk-to-reward ratio of over 1:4, fitting well within a disciplined trading plan
🚀 Final Thoughts
At this stage, AUDUSD looks less like a trending market and more like a structured range.
In such conditions, patience is key:
- We wait for price to reach extremes
- And act only when the market gives us a clear edge
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📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎Get Funded Up to $1 Million with SabioTrade
Use my exclusive link and get 30% OFF your challenge.
👉shorturl.at/b5yyz
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎Get Funded Up to $1 Million with SabioTrade
Use my exclusive link and get 30% OFF your challenge.
👉shorturl.at/b5yyz
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎Get Funded Up to $1 Million with SabioTrade
Use my exclusive link and get 30% OFF your challenge.
👉shorturl.at/b5yyz
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.