Identifying Opportunities between Key Supply and Demand Levels

The AUDUSD price currently resides between two crucial levels. Above us, there's a newly formed supply level, presenting an excellent opportunity for a short (sell) position upon the initial touch of the price. Below, we observe a fresh demand level, ideal for initiating a buy position at the first contact with the price.
Chart PatternsSupply and DemandSupport and Resistance

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