FX.co ★ _Rocky_ | AUD/USD

AUD/USD Struggles Below Key Resistance as Sellers Defend Post-Breakdown Structure The Australian Dollar against the U.S. Dollar on the 1-hour chart is trading within a fragile recovery phase after a sharp reversal disrupted an earlier bullish advance. During the first half of the displayed period, AUD/USD experienced considerable volatility, initially declining toward the major support region around 0.6980–0.6990 before attracting strong buying interest. The highlighted demand zone near 0.6980 repeatedly acted as a foundation for rebounds, allowing the pair to recover and establish a sequence of higher highs and higher lows. Several liquidity zones and marked “DLiq” areas indicate that price repeatedly swept resting orders before continuing its directional movement. This process of liquidity collection ultimately helped fuel a strong rally that carried AUD/USD toward the upper resistance region around 0.7080–0.7090. Bullish momentum accelerated significantly between June 12 and June 16 as the pair climbed from the lower support band to challenge multi-day highs. Price action during this phase displayed healthy trend characteristics, with impulsive bullish candles followed by relatively shallow pullbacks. The market successfully reclaimed the 0.7020 area and later pushed through intermediate resistance levels to reach the major supply zone near 0.7080. However, the rally lost momentum as price approached this overhead resistance. Multiple rejections developed beneath the highlighted resistance band, suggesting that buyers were struggling to absorb available supply. The eventual liquidity sweep into the upper range was followed by a sharp bearish displacement, signaling a notable shift in short-term market sentiment and indicating that sellers had regained control of order flow. The breakdown from the highs dramatically altered the technical picture. A large bearish candle drove AUD/USD from approximately 0.7075 to below 0.7010, erasing several sessions of gains in a relatively short period. This move broke beneath the previously established bullish structure and transformed former support areas into resistance. Subsequent recovery attempts toward 0.7030–0.7040 encountered selling pressure, confirming that market participants were using rallies as opportunities to exit long positions or initiate shorts. Candlestick behavior after the decline has been characterized by smaller-bodied candles and choppy consolidation, reflecting a period of uncertainty following the aggressive selloff. Although volume data is not visible on the chart, the magnitude of the bearish displacement suggests elevated participation during the breakdown. At the time of the screenshot, AUD/USD is trading near 0.7014, hovering just above the critical support region around 0.6990–0.7000. Immediate resistance is located near 0.7020 and 0.7040, while stronger resistance remains around 0.7080–0.7090. On the downside, the 0.6980 support zone continues to be the most important level on the chart. A decisive break below 0.6980 could trigger another wave of selling pressure and reinforce the prevailing bearish outlook. Conversely, a sustained recovery above 0.7040 would be needed to improve sentiment and suggest that buyers are beginning to rebuild momentum. Until then, the broader structure remains cautious, with sellers maintaining a slight advantage following the liquidity-driven reversal from the highs.