AUDUSD: Recovery Slows as Sellers Keep Control

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AUDUSD: Recovery Slows as Sellers Keep ControlAUD/USDOANDA:AUDUSDDomicChainaAUDUSD has rebounded after touching the low around 0.6990, but this recovery is still not strong enough to change the broader picture. On the H4 timeframe, price continues to trade below the EMA89, while the 0.7080–0.7090 area is acting as an important dynamic resistance zone. Price structure shows that recent recovery highs have failed to break through the resistance above. At the same time, bullish momentum is narrowing, with several small-bodied candles reflecting buyer hesitation near this sensitive area. If AUDUSD remains capped below 0.7090, selling pressure may return and push price back toward the 0.7030 support zone. A break below this level could open the way for a deeper decline toward 0.7000–0.6980. Until price reclaims the 0.7090–0.7100 area, the short-term trend still leans bearish.