Will AUD/USD Sink or Surprise This Week?

Alright, traders, let’s break this down in simple terms and get straight to the point. AUD/USD is sitting at a critical level across all timeframes, so we need to stay sharp. On the weekly and daily charts, the trend is bearish—lower highs and lower lows, with price dancing under the 21 EMA and 200 SMA. Key levels to watch are 0.6515 (resistance) and 0.6471–0.6446 (support). If price breaks below 0.6471, it’s game on for the bears, and I’d target 0.6446 first, then stretch for 0.6361 if momentum stays strong.

Now, zooming into the 4-hour and 1-hour charts, things get spicy. Price has been rejecting 0.6515 repeatedly, showing sellers still have the upper hand. If we see a clean break and close below 0.6471, I’m looking to short this pair. My entry would be below 0.6471, stop loss just above 0.6515, and first target at 0.6446. If you’re feeling confident and the trend continues, let part of the position ride toward 0.6361—that’s where the real money is.

On the flip side, if price breaks above 0.6515 with conviction, we could see a bullish push toward 0.6580, so be ready to flip your bias if the market demands it. Remember, patience and confirmation are everything. We’re not here to guess—we wait for the setup to come to us. Stay disciplined, follow the plan, and let’s make it happen!