AUDUSD H8Australian Dollar vs. US DollarFX:AUDUSDWinlouhAUDUSD H8 Analysis — June 17, 2026 Current Price: 0.70577 Market Structure Macro: Bearish — descending wedge from May peak (0.7260) intact Sharp drop June 4–5 from 0.7120 → 0.6990 Recovery bounce to 0.5 fib (~0.7100) — now fading Wedge compression tightening — breakout imminent 0.618 (~0.7120) and 0.786 (~0.7160) acting as overhead resistance Projected Scenario 🔴 Bearish — main bias: Rejection from 0.5 fib / wedge resistance (~0.7100) Break below wedge support Drop to -0.272 ext. (~0.6920) Potential deeper flush toward 0.6880 Bias Summary Short-term: 🔴 Bearish — wedge rejection, targeting 0.6920 Invalidation: Break above 0.7160 (0.786 fib) shifts bias neutral