Faces Repeated Rejection Bearish Pressure Building

RWUSD continues to struggle around the same resistance zone, with sellers repeatedly stepping in to limit upward movement. The inability to break above this area suggests that bearish pressure remains present.

If the rejection continues, further downside could develop. However, a sustained move above resistance would weaken the bearish outlook.

Key figures

$0.9997–$0.9998 — Short-term resistance and rejection zone

$1.0157 — Level that would invalidate the bearish structure

$0.9748 — First downside level

$0.9553 — Second downside level

$0.9299 — Extended downside target

Market Outlook

As long as RWUSD remains below the resistance zone, sellers may continue to have the advantage. A confirmed breakdown could open the door to further weakness, while a strong recovery above resistance would require reassessing the bearish scenario.

Keep an eye on price confirmation before making any decisions.

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