AUDUSD Rising Trendline – Potential Breakdown SetupAUD/USDOANDA:AUDUSDFrankAgboAUDUSD has been respecting a **rising trendline**, forming higher lows and maintaining a short-term bullish structure. However, price is now approaching a **key resistance trendline**, creating a potential **confluence zone for a reversal**. We are seeing signs of **rejection near resistance**, suggesting that bullish momentum may be weakening. ### Bearish Scenario 📉 If price **fails to break above the descending resistance** and loses the rising trendline support, we could see a strong bearish move. Key downside targets: • **0.6930 – First support level** • **0.6780 – Major support zone** A confirmed break below the trendline would likely trigger **sell-side liquidity**. ### Bullish Scenario 📈 If price **breaks and holds above the resistance trendline**, bullish continuation is possible. However, buyers must show strong momentum to invalidate the bearish setup. ### Key Confluence • Rising trendline support • Descending resistance trendline • Rejection zone near 0.7100 ### Summary AUDUSD is currently at a **decision point**. A rejection here could lead to a **trendline breakdown and bearish continuation**, while a breakout would shift momentum back to the upside. --- #audusd #forex #tradingview #priceaction #technicalanalysis #forextrading #trendline #smartmoney #fxtrading