AUD/USD Reaches Key Supply Area, possible Reversal

The AUD/USD pair has reached our identified supply area, coinciding with the start of the London session. A rejection candle has formed, signaling a potential reversal, with the spike briefly hitting 0.6872 before pulling back. This price action suggests that sellers are stepping in at this level, creating a possible reversal opportunity.

Traders are now watching closely for further confirmation of a bearish move. Today, the US CB Consumer Confidence report is set to be released, and this key economic indicator could provide additional momentum for the US Dollar. A stronger-than-expected reading may further bolster the USD, potentially driving the AUD/USD lower and continuing its downward trajectory.

With the market's focus on the upcoming US data, we remain poised for a potential short setup in anticipation of a reversal in the AUD/USD pair. Traders should keep a close eye on both the technical patterns and the economic news to confirm entry points.

✅ Please share your thoughts about AUD/USD in the comments section below and 👍 HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
AUAUDUSDaudusdshortaussieForexforexn1forexsignalsFundamental AnalysisTechnical IndicatorstradingTrend Analysis

✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod

🔥 UP to 4000$ BONUS: forexn1.com/broker/

🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/

🟪 Instagram: instagram.com/forexn1_com/
También en:

Publicaciones relacionadas

Exención de responsabilidad