AUDUSD Sell Setup | Rejection at Supply ZoneAUD/USDOANDA:AUDUSDMrJasim_07The AUDUSD 2-hour chart is approaching a key resistance area after a strong bullish impulse from the recent lows. Price has rallied into a premium supply zone where sellers have previously shown strong interest, making this region an attractive area to watch for a potential bearish reversal. The rejection from this zone suggests that buying momentum may be slowing, and if sellers continue to defend resistance, the pair could begin a corrective move toward lower support levels. The current price action indicates that the market is testing a critical decision point. A confirmed rejection from the highlighted entry zone, supported by bearish candlestick confirmation and increasing selling pressure, would strengthen the probability of a downside continuation. Until resistance is decisively broken, the overall short-term bias remains cautiously bearish. 📍 Support Zones: • 0.7000 – 0.7005 (Immediate Support) • 0.6985 – 0.6990 (Key Demand Zone) • 0.6960 – 0.6970 (Major Support) 🎯 Target Zones: • Target 1: 0.7010 • Target 2: 0.7000 • Main Target: 0.69867 • Extended Target: 0.69700 if bearish momentum accelerates. 📈 Trade Plan Wait for clear bearish confirmation around the highlighted entry zone before considering a short position. A bearish engulfing candle, rejection wick, lower high, or break below the nearest intraday support can provide additional confirmation. Conservative traders may prefer waiting for a confirmed breakdown below 0.7000 before entering. As price moves lower, consider securing partial profits at each support level while allowing the remaining position to target the main objective around 0.69867. 🌍 Trading Perspective AUDUSD has experienced a strong recovery, but price is now testing an area where supply could outweigh demand. If sellers successfully defend the resistance zone, a healthy pullback toward lower support levels becomes increasingly likely. However, if buyers manage to close convincingly above the resistance area, the bearish scenario would weaken and further upside could develop. Patience and confirmation remain essential before executing any trade. ⚠️ Risk Management • Risk no more than 1–2% of your total trading capital on a single position. • Place your stop-loss above the recent swing high or above the supply zone to protect against false breakouts. • Move your stop-loss to breakeven once the first target is reached to reduce risk. • Take partial profits at key support levels to secure gains while leaving room for additional downside. • Monitor high-impact economic news from Australia and the United States, as major data releases can create sharp volatility and unexpected price swings. Successful trading is built on discipline, patience, and proper risk management. Wait for the market to confirm your setup, avoid chasing price after impulsive moves, and always trade according to a well-defined plan. Protect your capital first, and let high-probability opportunities come to you. 📉🎯🚀