AUD/USD Intraday Signal: 0.6660 Expected
Analysis:
AUD/USD trades with a bearish intraday bias while remaining below the pivot resistance at 0.6690. Sellers are in control, aiming for 0.6660 initially, with scope for further downside extension toward 0.6645. Price action continues to respect the resistance zone, reinforcing the likelihood of a corrective decline.
Market structure suggests that a decisive break below 0.6660 would accelerate selling pressure and trigger a move toward 0.6645, confirming bearish continuation. As long as price stays capped below 0.6690, rebounds are expected to remain limited.
Alternatively, a sustained move above 0.6690 would invalidate the bearish setup and open the path toward 0.6710 and 0.6730.
Trade Setup:
Enter: Short below 0.6690
Stop-Loss (SL): 0.6710
Target A: 0.6660
Target B: 0.6645
