AUD/USD Intraday Signal: Downside Toward 0.6950
Analysis:
AUD/USD on the 1-hour timeframe remains in a corrective bearish structure after failing to sustain gains above the 0.7060–0.7080 supply zone. The previous upward move created a weak high, suggesting that bullish momentum is fading and sellers may re-enter the market from higher levels.
Price is currently trading around 0.7010, which sits just above a short-term equilibrium level. The latest bounce appears to be a retracement into nearby supply, rather than the start of a sustained bullish move. Multiple Break of Structure (BOS) signals to the downside earlier in the chart support the idea that the broader intraday bias remains bearish.
As long as the pair trades below 0.7060, the downside scenario remains favored. The next liquidity area lies near 0.6980, with a deeper move potentially targeting the 0.6950 demand zone, where the previous weak low formed.
Trade Setup:
Enter: Sell below 0.7030
Stop-Loss (SL): 0.7070
Target A: 0.6980
Target B: 0.6950
