AUDUSD | Breaker Block Rejection Inside Descending Channel

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AUDUSD | Breaker Block Rejection Inside Descending ChannelAUD/USDOANDA:AUDUSDerc_marketsAUDUSD is approaching a key breaker block that aligns with the upper boundary of a descending channel. Price has already shown a Change of Character (CHOCH), but the overall structure remains bearish while respecting the strong high. The highlighted breaker block is a potential area for seller interest. If price rejects this zone with bearish confirmation, the market could continue lower toward the projected downside target. A clean breakout and close above the breaker block would invalidate the bearish setup and shift the outlook. This analysis is based on price action and Smart Money Concepts. Always wait for confirmation and manage your risk before entering any trade.