$ASR – Market Breakdown

Market Overview

ASR continues to bleed lower following rejection from higher resistance. The structure shows a controlled downtrend with lower highs, indicating sellers are dictating price action. Volatility remains elevated.

Key Levels

Support:

1.45 – Minor support

1.38 – Strong demand zone

Resistance:

1.55 – Near-term resistance

1.68 – Trend invalidation level

Trade Plan

Support-Based Long:

Entry: 1.45 – 1.40

Targets: 1.55 / 1.65

Invalidation: Daily close below 1.38

Trend Short:

Entry: Rejection near 1.55

Targets: 1.45 / 1.38

Trend remains bearish until price regains 1.68 convincingly.