AUD/USD Intraday Signal: Key Resistance at 0.7095
Analysis:
AUD/USD is capped by a strong intraday resistance at 0.7095, which continues to limit upside potential. As long as price remains below this pivot level, the short-term bias favors the downside, with targets at 0.7055 followed by the extended objective at 0.7040.
The upward potential is expected to remain limited due to persistent selling pressure near 0.7095. Repeated rejection from this level reinforces the bearish intraday structure, suggesting that rebounds are likely to stay corrective rather than impulsive.
Alternatively, a sustained break above 0.7095 would weaken the bearish scenario and open the path toward 0.7105 and 0.7120, where higher resistance levels are positioned.
Trade Setup:
Enter: Short below 0.7095
Stop-Loss (SL): 0.7105
Target A: 0.7055
Target B: 0.7040