AUD/USD Intraday Signal: 0.6460 Expected as Downside Target
The AUD/USD pair remains under bearish pressure while trading below the pivot resistance at 0.6500. Sellers are in control, targeting the next downside levels at 0.6460 and 0.6440 in extension. The recent failure to sustain above 0.6500 confirms weak buying momentum and a continuation of the downward structure.
Technical conditions support this bearish scenario — momentum indicators show a soft bias, and a clear break below 0.6460 would likely trigger further losses toward 0.6440. The short-term moving averages continue to point lower, confirming that the broader tone remains negative as long as price action stays capped below 0.6500.
Alternatively, a rebound above 0.6500 would neutralize the immediate bearish pressure and open the way for a limited correction toward 0.6520 and 0.6535 before new sellers emerge.
Trade Setup:
Enter: Short below 0.6500
Stop-Loss (SL): 0.6520
Target A: 0.6460
Target B: 0.6440
