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Trader Journals:::2025-07-02T13:12:41

AUD/USD

Technical analysis 02 Jully 2025 AUD/USD M-30

AUD/USD

In fact, the AUDUSD price growth has stopped. At the current moment, something similar to a bearish formation has been drawn on the chart. If the rate does not go up now and subsequently the quotes fail to consolidate above the formed maximum, then a scenario with a southern tint may begin to work further. According to this scenario, the rate may initially decrease right from here to the area of the volume level of 0.6534. From there, they may show an increase in quotes to the accumulation of 0.6574 in order to test this level. If such a scenario is realized, it will be necessary to carefully monitor what will be drawn on the AUDUSD chart in the area of the volume level of 0.6574 and what volumes will appear at the same time. If, when the rate is in the area of this value, the volumes and their indicators indicate that there is nothing interesting for the market above, then they can make the south from there. The south can be expressed by a decrease in quotes from the accumulation of 0.6574 to the area of the volume level of 0.6463. If this is really the case, then already down there in the accumulation area of 0.6463, I think that it will already be clear where and how we should move here further, and the volumes and their indicators will tell us about it. Although, if the rate goes up now and subsequently the quotes manage to consolidate above the formed maximum, then upon execution of such a south, a complete cancellation will most likely occur. In the glass, the AUDUSD quotes retreated downwards from the liquidity accumulation located above the current price. This suggests that there is nothing interesting for the market above now. It is also clear here that the liquidity accumulation located below is growing in size. This may indicate that now in this area the majority of market participants are opening trading positions to buy, believing that the price will go up to update the formed maximum. If this is really the case, then the rate to update the formed maximum may not go up in principle, but on the contrary, it may go down against the majority in order to absorb the liquidity accumulation located below the current price. Also, in addition, by reducing quotes, profitable buyers can also be absorbed by those who are below the current price and who believe that the rate will go up.
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