AUDUSD: Local CORRECTION in global UPTREND (3H TF)Australian Dollar/US DollarFX:AUDUSDTotSamiyKaaAUD is showing weakness since middle March. Whereas the global picture shows that AUD will get more expensive, the local picture sends uncertainty signals that it will happen now. # - - - - - Technicals: 1. Price is moving in local descending trend. This is confirmed by lower lows and lower highs. 2. AUD recently retested the Long-Term Support zone since 2019 using the liquidity from beginning of March. This followed with a strong bounce reaction on the news of 5-day ceasefire in Iran. 3. Being a manipulative bounce it does not mean yet the local trend change on metals, especially gold a silver, which did not reach their downtrend targets yet. AUD is dependend on gold and silver prices, so it will fall if they fall and it will rise if they rise. 4. Price is testing the middle line of current accumulative channel (0.70200), the breakout above which will confirm the uptrend continuation 5. Hold below this 0.70200 level though will push the price for another retest of the global support # - - - - - Conclusion: If the current S/R level and middle line of the accumulating channel at 0.70200 don`t hold, I will be looking for entering short at 0.69518 with a squeeze penetration of Long-Term Support Level at 0.68926 as the first target. The scenario will be invalidated if the price stronly closes with 4H above 0.70300 # - - - - - SHORT SETUP: ✅ Entry Point: TRIGGER 0.69518 🛑 Stop-Loss: 0.70342 🤑 Target 1: 0.68926 🤑 Target 2: 0.68495 🤑 Target 3: 0.67720 # - - - - - Good Luck! ☺️ # - - - - - DISCLAIMER: Not financial advice. Everyone must make trading decisions at their own risk, guided only by their own criteria and strategy for opening or not opening a trade.