AUDUSD Bearish Rejection from Resistance

Jul 8

AUDUSD is trading inside a rising channel but is facing strong selling pressure near the 0.6960 resistance zone. Price has failed to sustain higher highs, suggesting bullish momentum is weakening.

If the ascending trendline breaks, AUDUSD could extend its decline toward the 0.6880 support, with further downside targeting the 0.6830 demand area.

🎯 Key Levels:

* 🔴 Resistance: 0.6960
* 🟦 1st Support: 0.6880
* 🟦 2nd Support: 0.6830
* 📉 Bias: Bearish below 0.6960.

Jul 8

Trade active

trade active