AUD/USD Intraday Signal: Turning Down Toward 0.7090
Analysis:
AUD/USD shows signs of a bearish intraday reversal while trading below the pivot resistance at 0.7150. Sellers are regaining short-term control, targeting 0.7105 initially, followed by the extended downside objective at 0.7090. Price rejection near resistance reinforces the negative structure.
A decisive break below 0.7105 would accelerate selling pressure and confirm continuation toward 0.7090. As long as price remains capped below 0.7150, rebounds are expected to stay corrective and limited.
Alternatively, a sustained move above 0.7150 would invalidate the bearish setup and open the path toward 0.7170 and 0.7190, where higher resistance levels are positioned.
Trade Setup:
Enter: Short below 0.7150
Stop-Loss (SL): 0.7170
Target A: 0.7105
Target B: 0.7090