AUDUSD Sellers Regain Control — Downside SetupAUD/USDOANDA:AUDUSDMrJasim_07AUDUSD 2H Bearish Reversal Setup | Weak High & Resistance Rejection AUDUSD is trading near the 0.7090–0.7100 area after a strong bullish recovery from the lower support zones. Price has pushed into a key resistance region and the chart highlights a Weak High near the current top, suggesting that buyers may be losing momentum at higher levels. The rising channel structure is also approaching an important decision point, making the current zone critical for the next directional move. The primary bearish objective highlighted on the chart is around 0.7041. A rejection from the current resistance followed by a confirmed break of nearby support could create a potential corrective move toward this target zone. 📉 Bearish Scenario: The bearish scenario becomes stronger if AUDUSD fails to sustain above 0.7090–0.7100 and begins printing bearish candles with lower highs. A rejection from the Weak High area could indicate that sellers are entering near the upper boundary of the current structure. The first important downside level is around 0.7060–0.7050. If sellers break this area with strong momentum, the next major objective comes around 0.7041, which is the highlighted target on the chart. A decisive break below 0.7041 could extend the correction toward 0.7020–0.7000. If the broader support structure also fails, deeper levels around 0.6980–0.6960 could come into focus. 🎯 Bearish Targets: • TP1: 0.7060–0.7050 • TP2: 0.7041 • TP3: 0.7020–0.7000 • Extended target: 0.6980–0.6960 if major support breaks 📈 Bullish Scenario: The bearish setup would weaken if AUDUSD breaks above the 0.7090–0.7100 resistance zone and holds above it with strong 2H closes. A breakout followed by a successful retest would suggest that buyers have absorbed the selling pressure and that the bullish trend may continue. If price establishes a sustained move above 0.7100, the next upside levels could develop around 0.7120–0.7140. Continued bullish momentum could then expose higher psychological resistance levels. 🎯 Bullish Targets: • TP1: 0.7100–0.7120 • TP2: 0.7140 • TP3: 0.7160 • Extended target: 0.7180+ if bullish momentum accelerates 🔑 Key Points: • AUDUSD is testing resistance around 0.7090–0.7100. • A Weak High has formed near the recent peak. • Rejection from this zone could trigger a short-term bearish correction. • 0.7060–0.7050 is the first important support area. • A break below 0.7050 would strengthen the bearish setup. • The main projected bearish target is 0.7041. • 0.7020–0.7000 is the next important support region. • The broader support area around 0.6980–0.6960 could become relevant if selling pressure increases. • A confirmed breakout above 0.7100 would weaken the immediate bearish outlook. • The rising channel remains important for determining whether the broader bullish structure is still intact. 📊 Trading Perspective: From a trading perspective, AUDUSD is currently sitting at a critical resistance area after an extended recovery. Because price is near the upper part of the structure, traders should watch for confirmation rather than immediately entering a short position. For the bearish setup, a rejection from 0.7090–0.7100 followed by a break below 0.7060–0.7050 would provide stronger confirmation. If sellers continue to build momentum, the highlighted 0.7041 target becomes the first major objective. A deeper correction could develop if 0.7041 fails, with 0.7020–0.7000 becoming the next area of interest. The reaction around these support zones will be important because buyers could attempt to defend the broader bullish structure. For the bullish scenario, traders should monitor whether price can break and hold above 0.7100. A clean breakout and retest would indicate that buyers remain dominant and could shift the focus toward 0.7120, 0.7140 and higher levels. ⚠️ Risk Management: Avoid entering a trade solely because price reaches resistance or support. Confirmation from candle closes, market structure and retests can help reduce the risk of false breakouts. For bearish positions, invalidation can be considered above the Weak High/resistance structure, while bullish positions should be reassessed if price loses the key support zones. Keep position sizing controlled according to the distance between entry and invalidation. Consider taking partial profits at major support and resistance levels rather than expecting price to reach the final target in one uninterrupted move. Overall, AUDUSD is showing a potential bearish reversal setup near the 0.7090–0.7100 resistance zone. A confirmed rejection followed by a break below 0.7050 could open the path toward 0.7041 and potentially 0.7020–0.7000. However, a sustained breakout above 0.7100 would invalidate the immediate bearish idea and shift the focus back toward bullish continuation. 📉📈