AUD/USD – 30M – SELL

The AUD/USD 30-minute chart has fired a dense cluster of bearish signals, including a Trendline Retreat Down, a Rising Wedge pattern, and multiple momentum oscillators crossing down (BOP, CMO, RSI, STOCHRSI) alongside a CCI exit from overbought territory. This suggests a short-term pullback or reversal is underway, with the Rising Wedge acting as a classic bearish reversal pattern. The confluence of these signals points to selling pressure building at the upper end of the recent range, and the nearest resistance at 0.71290 is likely to cap any upside attempts.

However, the broader trend across all timeframes from 15 minutes up to daily is bullish, with solid trend scores on the 2H, 4H, and 8H charts. This means the bearish signals on the 30-minute chart are likely a counter-trend move within a larger uptrend. The key level to watch is the nearest support at 0.71004; a break below that would confirm the bearish momentum and could open the door to a deeper correction. Conversely, if the price holds above support and reclaims the trendline, the bullish bias could reassert. Traders should treat this as a short-term opportunity, with a clear invalidation if the price breaks back above the resistance.