AUD/USD Intraday Signal: Bearish Below 0.7200
Analysis
AUD/USD has completed a bullish leg followed by a clear distribution phase, marked by a weak high near 0.7220–0.7240 supply zone. The rejection from this area and subsequent CHoCH indicate that bullish momentum is fading and sellers are beginning to take control.
The current structure shows sideways-to-bearish consolidation with multiple internal breakdowns, suggesting that the market is building liquidity before the next impulsive move. The repeated failure to break above the 0.7200–0.7220 supply region reinforces this area as a key decision zone.
Price is now hovering above a short-term strong low around 0.7120, but the lack of bullish continuation implies this support is vulnerable. A breakdown below this level would likely trigger a move toward deeper demand zones near 0.7080 and 0.7000.
Trade Setup
Enter: Sell below 0.7150
Stop-Loss (SL): 0.7215
Target A: 0.7080
Target B: 0.7000
