AUDUSD 1H — Bearish Structure After Channel BreakdownAUD/USDOANDA:AUDUSDAhmed_MinhasAUDUSD has shifted from an ascending structure to a bearish market structure on the 1H timeframe. Price was previously trading inside an ascending channel, but after rejecting the upper boundary, we saw a strong downside move followed by: LL — Lower Low LH — Lower High Another LL Price is now consolidating beneath the potential LH area. The current consolidation is forming a small rising structure, so I’m watching this area carefully for either a bearish rejection or a confirmed break lower. 🔑 Key levels Resistance / potential LH: 0.7140 – 0.7160 A reclaim and sustained break above this zone could weaken the current bearish structure. Near-term support: 0.7120 – 0.7130 A clean break below this area could open the way toward the next downside levels around 0.7100 and potentially 0.7070. 📌 My view As long as AUDUSD remains below the 0.7140–0.7160 resistance zone, the 1H structure remains bearish from a market-structure perspective. I’ll be watching for a retest + rejection rather than chasing the move. Bearish scenario: LH rejection → break of support → continuation lower. Invalidation: Strong reclaim of the previous LH/resistance zone. Not financial advice. This is a technical analysis based on the current 1H structure.