AUDUSD 4H – Rejection at Supply, Gap BelowAustralian Dollar/US DollarFX:AUDUSDFrankAgbo AUDUSD is showing clear rejection from the 0.7085 – 0.7105 intraday supply zone after multiple failed attempts to break higher. Price is now rolling over from resistance, with lower highs forming inside supply — suggesting distribution. Key zones on the chart: Intraday Supply: 0.7085 – 0.7105 Key Support: 0.7060 Gap Fill / Demand: 0.6875 – 0.6910 🧠 What I’m Watching The market has struggled to sustain above 0.7100 and is now reacting lower. If momentum builds: → Failure to reclaim 0.7085 → 4H close below 0.7060 → Acceleration toward 0.6980 → Move into 0.6875 – 0.6910 demand (gap fill) There’s clean liquidity resting below current structure. 📉 Bearish Scenario (Primary Bias) ✅ Hold below 0.7100 ✅ Break and close below 0.7060 🎯 Target 0.6980 🎯 Target 0.6875 – 0.6910 ⚠️ Bullish Invalidation ❌ Strong 4H close above 0.7105 ❌ Supply flips to support → Opens path toward 0.7150 🏗 Market Logic Multiple failed attempts to break higher. Clear rejection wicks at supply. Open imbalance/gap below price. Better RR comes from confirmed breakdown, not range longs. 📌 Key Levels Supply: 0.7085 – 0.7105 Support: 0.7060 Demand: 0.6875 – 0.6910 Current Price: ~0.7065 If supply continues to hold, AUDUSD likely rotates lower toward the open gap. If 0.71 is reclaimed, bias shifts bullish. What’s your bias here — breakdown or squeeze higher? 👇 #AUDUSD #Forex #PriceAction #Liquidity #TradingView