AUDUSD Intraday Signal: Selling Pressure Below 0.7180 Resistance
Analysis
AUDUSD on the 1-hour timeframe recently experienced a strong bullish impulse after forming a structural base near the 0.7060 demand zone. This move created a clear break of structure (BOS) and shifted short-term momentum to the upside.
Following the rally, price reached the 0.7170–0.7180 supply zone, where the chart now shows a weak high formation. This indicates that buying momentum is fading as price enters a region where sellers previously controlled the market.
Currently, AUDUSD is trading around 0.7125, slightly below the resistance area. The recent downward movement from the weak high suggests that the rally may have been a liquidity grab toward the supply zone, rather than the start of a sustained bullish trend.
If the market continues to trade below 0.7180, bearish pressure could increase. The first downside target lies near 0.7105, which represents the nearest demand zone and liquidity support. A stronger bearish continuation could push the pair toward 0.7060, where a deeper demand area is located and buyers previously stepped into the market.
As long as AUDUSD remains below 0.7180, the intraday bias favors bearish continuation.
Trade Setup
Enter: Sell below 0.7120
Stop-Loss (SL): 0.7185
Target A: 0.7105
Target B: 0.7060
