AUDUSD at trendline supportAUD/USDOANDA:AUDUSDRyan_lopesMarket Structure The overall market structure has shifted from bullish to bearish. Support Zone The blue horizontal line around: 0.6835–0.6840 Possible Scenarios Scenario 1 (Bullish Bounce) – Higher Probability at Support Price touches: 0.6835 Bullish rejection Moves toward 0.6900 0.6950 0.7000 Scenario 2 (False Break) Price briefly breaks: 0.6835 Stops out buyers Quick recovery above support Strong rally This is known as a liquidity sweep. Fundamental Analysis AUD/USD is heavily influenced by interest rate expectations, commodity prices, Chinese economic performance, and U.S. dollar strength. Positive Factors Commodity Prices China Reserve Bank of Australia (RBA) Interest Rate Differential AUD/USD is highly sensitive to the expected gap between Australian and U.S. interest rates. If markets anticipate: Faster Fed easing than RBA easing, AUD/USD may rise. RBA easing while the Fed remains restrictive, AUD/USD may fall. What to Watch This Week The following events are especially important for AUD/USD: Reserve Bank of Australia communications and policy updates. U.S. inflation (CPI/PCE) data. U.S. Non-Farm Payrolls (NFP). Federal Reserve speeches or meeting minutes. Australian employment and inflation releases. Chinese PMI and GDP data, given Australia's trade exposure. These events can determine whether support holds or breaks.