AUDUSD: Recovery Faces Its Biggest TestAUD/USDOANDA:AUDUSDDomicChainaAfter several weeks of weakness, AUDUSD has finally produced a strong enough rebound to retest dynamic resistance on the H4 chart. However, price stalling right at the EMA89 shows that buying pressure is still not strong enough to confirm a real reversal. The recent AUD recovery has mainly been driven by a softer US Dollar as markets increased expectations that the Fed may ease policy in the coming months. Still, this is not yet enough to change the medium-term trend, as the greenback remains supported by a relatively resilient US economy. On the H4 chart, the EMA34 remains below the EMA89, while the 0.6950–0.6960 area is acting as the key resistance zone. As long as price stays below this region, the current rebound is more likely a technical correction before sellers return. If selling pressure appears, AUDUSD could pull back toward 0.6910, followed by 0.6885.