AUDUSD (Forex CFD) Trade Setup - 3H TimeframeAUD/USDOANDA:AUDUSDThe_Smart_TigerThe Australian Dollar has shown notable weakness against the USD following its July 24, 2025 peak near 0.66200. The 3-hour chart reveals a compelling bearish setup, with price action and volume characteristics aligning to suggest further downside potential. After an initial sharp decline to 0.64300, AUDUSD staged a significant rebound on August 1, 2025, marked by substantial positive volume. However, this recovery met formidable resistance in the 0.65250-0.65500 zone - a previous support level that has now transformed into resistance. What's particularly noteworthy is the recent price behavior: while the pair has continued to push higher from the 0.64300 area, the declining positive volume since price bounced back up creates a concerning divergence, suggesting waning bullish momentum. Illustrative Setup: A Sell Stop order at 0.65120 positions us below the current ascending trendline, with a Stop Loss at 0.65530 placed strategically above the resistance zone. The Take Profit target at 0.64300 aligns with the recent support level where significant buying interest emerged. This configuration offers a clean 2:1 reward-risk ratio, providing an attractive opportunity while maintaining prudent risk management. Key consideration: The combination of the support-turned-resistance zone, volume divergence, and clear market structure provides multiple technical confirmations for this bearish thesis. However, traders should remain vigilant of broader market conditions and potential fundamental catalysts that could impact the Australian Dollar. This analysis is provided solely for educational and entertainment purposes and does not constitute any form of financial or investment advice. Always manage your risk and trade responsibly.