AUD/USD 1H — Rising Wedge Breakdown SetupAustralian Dollar vs. US DollarFX:AUDUSDTrendVertexThe chart shows **AUD/USD on the 1-hour timeframe** forming a **rising wedge pattern** between two converging trendlines. Price has reached the upper boundary and is testing a clearly marked **resistance zone around 0.7055–0.7063**. ### 🎯 Key Levels * **Resistance:** 0.7055–0.7063 * **1st Support / Target:** **0.69887** * **2nd Support / Target:** **0.69610** * **Potential direction:** 🔻 Bearish if the wedge breaks downward ### 📉 Trade Idea A rejection from the resistance zone followed by a break below the wedge's lower trendline could trigger a move toward: **Target 1 → 0.69887** **Target 2 → 0.69610** The chart's projected path shows price falling from the resistance area toward the first support and potentially continuing to the second support. ### Suggested Chart Title **“AUD/USD 1H — Rising Wedge Breakdown | Targets 0.69887 & 0.69610”** **Bias:** 🔴 Bearish below **0.7063**, with **0.69887 → 0.69610** as the projected downside targets.