AUDUSD: Downward Trendline Still Holding Down PriceAUD/USDOANDA:AUDUSDParadise_NoirAUDUSD on the H4 timeframe is trading around 0.71148, after continuing to fail below the downward trendline that has lasted since mid-May. Although there was a slight rebound during the session, the main structure remains unchanged: subsequent highs are lower than previous highs, and buyers have yet to push the price back above the resistance zone. The area I'm most interested in right now is 0.71500. This is the nearest resistance level, and also where the price could retest before facing further selling pressure. Further up, the 0.7180 – 0.7200 zone remains strong resistance, but given the current state, AUDUSD needs to break above 0.71500 before a larger rebound can be considered. Regarding the market context, the AUD is at a disadvantage as the USD strengthens in a risk-off environment, while Australian domestic consumer data is weakening. This makes the pullbacks in AUDUSD more likely to result in short selling than a sustainable reversal. Reference strategy: Good sell: around 0.7140 – 0.7150 if there is a rejection signal SL: above 0.7180 Target: 0.70800