AUD/USD Rising Trendline Breakdown Signals Bearish ContinuationAUD/USDOANDA:AUDUSDTrade_ActionTechnical Overview Trend: Short-term bullish, but momentum is fading. Dynamic Support: Price is currently testing the ascending trendline that has supported the move since late June. Resistance Zone: Around 0.6955–0.6960, where sellers have repeatedly rejected higher prices. Immediate Support: 0.6925–0.6930 (highlighted demand zone). Major Support: 0.6910, followed by 0.6860. Bearish Scenario A decisive 45-minute candle close below the ascending trendline and the 0.6925–0.6930 support zone would confirm bearish pressure. This would likely trigger a move toward: Target 1: 0.6910 (previous horizontal support) Target 2: 0.6860 (major demand zone) The projected arrows on the chart align with this bearish continuation if sellers gain control. Bullish Invalidation The bearish outlook would be invalidated if buyers: Defend the trendline successfully. Break and close above 0.6955–0.6960. Such a move would indicate renewed bullish momentum and could lead to another leg higher. Trading Plan Bearish Entry: Wait for a confirmed candle close below the trendline and support zone. Stop Loss: Above the recent swing high near 0.6955–0.6960. Targets: 0.6910 first, then 0.6860 if bearish momentum accelerates.