Will AUD/USD Continue Its Downswing?AUD/USDOANDA:AUDUSDProf_MycroftAUD/USD 1-hour chart - My Trade (Do NOT take this trade. It's only a report on my current position) Trade Direction: SELL Current Price: 0.6490 Entry Price: 0.6508 (sell limit at broken support → resistance band 0.6505–0.6512) Stop Loss: 0.6532 (above recent H1 lower-high cluster; includes ~2-pip spread) Take Profit: 0.6448 (return to October swing-low liquidity zone 0.6445–0.6450) Risk/Reward Ratio: 2.50 Confidence: 9.1/10 Invalidation / Abandon: Stand down if an H1 candle closes above 0.6535 or if price prints a clear higher high above 0.6560 (structure shifts to bullish). Justification: On H1, AUD/USD is in a clean downswing of lower highs and lower lows from ~0.662, with fresh breakdowns through 0.6510 and only shallow bounces. Selling a pullback to 0.6508 fades the S→R retest while aligning with session dynamics into NY close/Asia open. The SL 0.6532 sits beyond the last H1 LH stack to reduce stop-outs; TP 0.6448 targets the visible demand pocket around prior October lows. Confluence: bearish structure, S→R retest near the round number (0.6500), and volatility-fit distances (≈24-pip risk for ≈60-pip reward, ≥2R)