AUDUSD Fails Above 0.72 – Selling the Rally AgainAUD/USDOANDA:AUDUSDMihai_IacobLast week, I mentioned that AUDUSD looks prone to a downside reversal and that traders should watch closely the price action around the 0.72 level. On Friday, with strong risk-on sentiment, the pair spiked above 0.72. However, the move was quickly faded over the weekend, driven by new geopolitical developments. 📊 Market Context Even with risk-on sentiment returning, my view remains purely technical. From this perspective, I still expect further downside in AUDUSD. 📌 Trading View A new spike above 0.72 should again be seen as a selling opportunity Especially if price shows signs of rejection For swing traders: The downside target remains around the 0.70 zone 🚀 Final Thought Short-term sentiment can change fast — structure changes slower. For now, rallies into resistance remain opportunities. Same level, same plan. 🚀