AUD/USD Intraday Signal: Watch 0.7165
The AUD/USD Intraday Signal highlights key resistance at 0.7165. As long as this level is not surpassed, the short-term bias remains negative. The inability to break above 0.7165 keeps sellers in control and increases the probability of further downside pressure.
Immediate support is located at 0.7120. A decisive break below this level would confirm renewed selling momentum and likely extend the decline toward the downside objective at 0.7105. As long as the pivot caps price action, the risk of a breakdown remains elevated.
Trade Setup:
Enter: Short below 0.7165
Stop-Loss (SL): 0.7175
Target A: 0.7120
Target B: 0.7105