AUDUSD: Bearish Drop to 0.655?Australian Dollar vs. US DollarFX:AUDUSDMaster_HunterAUDUSD is eyeing a bearish reversal on the daily chart, with price approaching a clear resistance zone after recent gains, converging with a potential entry area that could trigger further downside momentum if sellers defend amid volatility. This setup suggests a strong pullback opportunity toward the lower support zone with more than 1:5 risk-reward.🔥 Entry between 0.716–0.720 (entry from current price with proper risk management is recommended). Target at 0.655. Set a stop loss at a daily close above 0.728, yielding a risk-reward ratio of more than 1:5. Monitor for confirmation via a bearish candle close below entry with rising volume, leveraging the pair’s weakness near resistance.🌟 Fundamentally, AUDUSD is trading around 0.710 in mid-August 2026. For the Australian Dollar, the most important release this week (17–21 August) is the Australia Labour Force data (Employment Change and Unemployment Rate) on Thursday, August 20, which will provide key insights into the labour market and RBA policy outlook. For the US Dollar, a key event is the FOMC Minutes from the July meeting, due on Wednesday, August 19, offering crucial clues on the Fed’s future policy path. 💡 📝 Trade Setup 🎯 Entry (Short): 0.716 – 0.720 (Entry from current price is acceptable with proper position sizing and strict risk management.) 🎯 Target: 0.655 ❌ Stop Loss: Daily candle close above 0.728 📈 Risk-to-Reward: More than 1:5 💡 Will sellers defend 0.716–0.720 and trigger a deeper AUDUSD correction toward 0.655, or will buyers break above 0.728 and invalidate the bearish setup? 👇