AUD/USD Trading Idea
Pair: AUD/USD
Current Price: Around 0.6500
Trend: Downtrend continues despite RBA’s hawkish tone
Market Overview:
The Australian Dollar is under pressure even though the Reserve Bank of Australia (RBA) sounded positive on rates. The strong US Dollar is keeping AUD/USD weak, and bears are in control near the 0.6500 level.
Trading Idea:
🔴 Sell (Short) below 0.6490
🎯 Target 1: 0.6460
🎯 Target 2: 0.6430
⛔ Stop Loss: 0.6525
Alternative Idea:
If price breaks above 0.6530, look for a Buy (Long) setup toward 0.6560 for a short rebound.
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