Nice idea on AUDUSD and there may be bearish bias as you have identified. For our set up, we have identified the key resistance and support levels for the short term.The key resistance that we have identified is at 0.72958, which falls within your supply zone. It is a horizontal swing high resistance with 100% Fibonacci extension and 23.6% Fibonacci retracement. Stochastic is approaching its resistance at 96% where a corresponding reversal could occur. If a reversal does occur, we may want to look at the 0.7198 support level. It is a horizontal swing low support with 76.4% Fibonacci retracement. Looking forward to seeing how things develop.
Please have a look at our idea and share with us what you think.
Please have a look at our idea and share with us what you think.