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.
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🎯 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
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.