AUDUSD H4: 0.7100 Is the Level Buyers Must DefendAUD/USDOANDA:AUDUSDDomicChainaHello everyone, AUDUSD is coming under renewed pressure around 0.7127 after failing to break through the 0.7180–0.7200 resistance zone. On the H4 timeframe, price has slipped below both EMAs near 0.7150–0.7158, suggesting that the previous recovery lacked enough strength to sustain a broader bullish move. What stands out to me is how quickly selling pressure appears whenever price approaches 0.7180. This tells us that buyers remain cautious, especially with markets focused on the upcoming US labor data, including Non-Farm Payrolls, Unemployment Rate, and Average Hourly Earnings. Forex Factory currently projects NFP around 85K, unemployment at 4.3%, and monthly wage growth at 0.3%, making this one of the most important USD events of the week. From a broader perspective, Reuters reported that the US dollar remains supported by Gulf-region tensions and safe-haven demand, while investors await employment data for further clues on Fed policy. This environment is generally unfavorable for AUD, which tends to perform better when risk sentiment is strong. Where could AUDUSD go next? Scenario 1: If AUDUSD holds the 0.7100–0.7080 support zone and forms a clear H4 rejection candle, I expect a rebound toward 0.7150–0.7160, followed by 0.7180–0.7200. Scenario 2: If an H4 candle closes below 0.7080, the structure would weaken significantly. In that case, AUDUSD could decline toward 0.7050, with deeper support around 0.7020–0.7000. Overall, I favor a retest of 0.7100 before a clearer recovery attempt develops. For buyers to regain control, price needs a convincing H4 close back above 0.7160.