AUD/USD on the 1-hour timeframe has confirmed a bearish breakdown from a consolidation range after failing to sustain above the ascending trendline support. Price was repeatedly rejected from the upper resistance zone around 0.7185–0.7190, signaling weakening bullish momentum.
The pair then broke below both the range support and the Ichimoku Cloud, reinforcing the bearish outlook. Strong selling pressure has accelerated the move lower, with sellers maintaining control as price trades beneath key support levels.
The measured move from the broken consolidation range suggests further downside potential toward the next significant support area.
🎯 **Target:** **0.7010**
**Bearish Factors:**
* Breakdown below consolidation support.
* Ascending trendline invalidated.
* Price trading below the Ichimoku Cloud.
* Strong bearish momentum candles confirming seller dominance.
* Lower highs and lower lows structure established.
**Key Level to Watch:**
* Support/Target Zone: **0.7010**
* Previous Resistance Zone: **0.7185 – 0.7190**
As long as price remains below the broken support area, the path of least resistance remains to the downside, with 0.7010 acting as the next major target.
The pair then broke below both the range support and the Ichimoku Cloud, reinforcing the bearish outlook. Strong selling pressure has accelerated the move lower, with sellers maintaining control as price trades beneath key support levels.
The measured move from the broken consolidation range suggests further downside potential toward the next significant support area.
🎯 **Target:** **0.7010**
**Bearish Factors:**
* Breakdown below consolidation support.
* Ascending trendline invalidated.
* Price trading below the Ichimoku Cloud.
* Strong bearish momentum candles confirming seller dominance.
* Lower highs and lower lows structure established.
**Key Level to Watch:**
* Support/Target Zone: **0.7010**
* Previous Resistance Zone: **0.7185 – 0.7190**
As long as price remains below the broken support area, the path of least resistance remains to the downside, with 0.7010 acting as the next major target.
Trade closed: target reached
my given target is achieved
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.