AUDUSD: Structural Breakout SetupAUD/USDOANDA:AUDUSDLawrenceMoreauThe market has been navigating a protracted downtrend, systematically printing lower highs and lower lows along a well-defined descending trendline. However, recent price action indicates a potential shift in character as downside momentum decelerates upon interacting with a major structural support zone in the 0.69000 to 0.69200 region. The inability of sellers to drive price significantly below this demand area suggests exhaustion and hints at a gradual accumulation by buyers. Currently hovering around the 0.69420 mark, price is compressing against the dynamic resistance of the trendline, setting the stage for a critical volatility expansion. The projected scenario anticipates a decisive breakout above this descending trendline, a move that would invalidate the immediate bearish structure and signal a structural shift in control from sellers to buyers. Following an initial bullish impulse through the trendline, a corrective pullback is expected. This retest of the broken dynamic resistance is crucial; if buyers step in to defend this area, it confirms the former resistance as new support and establishes a higher low, reinforcing the bullish reversal thesis. Assuming the breakout and subsequent structural retest hold, the directional bias pivots definitively to the upside. The primary objective for this emerging bullish phase is the established resistance zone sitting between 0.70100 and 0.70300, which perfectly aligns with the initial structural target at 0.70303. Should buyers maintain pressure and absorb the supply within this zone, the secondary liquidity draw rests higher at the 0.70589 level. Consequently, the strategic approach is transitioning; rather than continuing to short into structural support, the high-probability play now favors awaiting the breakout confirmation and positioning long on the subsequent corrective pullback.