SELL AVXUSD – 9.0975

The trade is based on a combination of technical and fundamental factors. Technically, the price is near the 38% Fibonacci retracement of the recent up‑move, which is acting as a resistance zone, and the pair has formed lower highs on both the 4‑hour and daily charts, confirming a bearish multi‑timeframe trend. The price is also trading below the 4‑hour exponential moving average and has experienced high‑volume selling pressure, indicating strong momentum to the downside. Structurally, a recent swing high was broken, providing a clear stop‑loss level at 9.1975. Fundamentally, the market is awaiting the RBA and Federal Reserve minutes; the Fed’s minutes are expected to sustain USD strength while the RBA’s commentary may keep the AUD in a weaker stance, adding to the risk‑off bias. This confluence justifies a short entry at 9.0975 with a structured stop and multiple profit targets.