Bearish Pressure Below Intraday SupplyAustralian vs US DollarPEPPERSTONE:AUDUSDCabeeroOn the 15-minute timeframe, price action shows a clean rejection from the higher supply at 0.70950, leading to a bearish intraday structure. Currently, price is trading just below the newly formed supply at 0.70640, while holding above immediate support at 0.70632, indicating a short-term consolidation phase within a narrow range. Going into the next session, price may respect the current support and attempt a corrective pullback toward the fresh intraday supply at 0.70764. However, this move is likely to remain corrective in nature, as the lower timeframe structure continues to favor sellers and momentum remains weak on the upside. A rejection from this supply zone is expected to trigger continuation, with price likely to rotate lower toward the 0.70459 demand zone, aligning with the prevailing bearish intraday bias. Key Levels •Supply: 0.70950 •Supply: 0.70764 •Supply: 0.70640 •Support: 0.70632 •Target Demand: 0.70459