AUD/USD Intraday Signal: Watch 0.6510 as Key Downside Target
AUD/USD remains under pressure while trading below the pivot resistance at 0.6540. Sellers are expected to maintain control, targeting the next downside levels at 0.6510 and 0.6495 in extension. The pair has repeatedly failed to break above 0.6540, confirming this level as a strong resistance zone that continues to cap recovery attempts.
Momentum indicators reflect weakening buying power, while price action is forming lower highs — signaling a sustained bearish tone. As long as 0.6540 holds as resistance, the bias remains to the downside, with a move toward 0.6510 likely. A confirmed break below that level would further open the path to 0.6495.
Alternatively, a rebound above 0.6540 would neutralize the bearish outlook and allow for a short-term correction toward 0.6555 and 0.6570 before sellers re-emerge.
Trade Setup:
Enter: Short below 0.6540
Stop-Loss (SL): 0.6555
Target A: 0.6510
Target B: 0.6495
