AUD/USD Bearish Rejection from Resistance – Downside ContinuatioAUD/USDOANDA:AUDUSDPRIMEALPHA-FX AUD/USD is showing signs of bearish pressure after failing to break above the key resistance zone around **0.7060–0.7070**. Price rallied from the demand area near **0.6980** but lost momentum as it approached resistance, forming a rejection and indicating that sellers remain in control. The highlighted consolidation area suggests a bearish continuation pattern, and the recent rejection increases the probability of another move lower. If price remains below the resistance zone, sellers may target the next support level. 🎯 **Target:** **0.7022** 📉 **Bearish Scenario:** * Resistance: **0.7060 – 0.7070** * Current Price: **0.7045** * Target: **0.7022** * Extended bearish pressure could push price toward the demand zone near **0.6980** if support fails. **Trading Idea:** Watch for continued rejection below resistance. A break below short-term support could accelerate the move toward the stated target.