FX.co ★ AUD/USD

AUDUSD 1-Hour Analysis: We must talk about the examination of the AUD/USD currency pair's price behavior. Let's assess the state of the market and pinpoint the precise entry point on the AUD/USD chart. It is recommended to anticipate a comeback by taking into account the resistance level of 0.70378. According to my plan, the pair will continue to decline until it reaches around 0.69578, at which point it will be required to take gains. Losses must be absorbed in 0.70678 if a reversal signal emerges and the structure is plausible, resulting in a change into buy mode. Potential buying chances will thereafter be supported by the broken 0.70378 level. The AUD/USD pair was under negative pressure during the most recent session, as the sellers were able to lower the quotations to 0.69308. Customers may be able to enter and benefit from the decreased costs. While a positive pullback at the start of the European session is conceivable, hourly indications heavily favor the selling, indicating a chance of additional decline below 0.68928. The AUD/USD pair had bearish dominance yesterday, which led to a decrease that broke through the local liquidity accumulation zone around 0.69728–0.69788. During the downturn and zone collapse, the volumes climbed gradually, suggesting that significant bear positions may be entering. A stronger dollar is indicated by the consolidation below the liquidity accumulation zone, increasing the likelihood of further declines. Consequently, selling is my main tactic. I'll wait patiently for the AUD/USD pair to retest the liquidity accumulation zone today, which is between 0.69728 and 0.69788. After that, I'll expect a recovery before anticipating a continuation of the drop into goals around 0.69368. I expect this level to break around the end of the trading day.