FX.co ★ sangita_murmu | AUD/USD

the AUD/USD H4 chart, my personal view is that the pair is still trading within a bearish structure, although the latest candles suggest that selling pressure has temporarily weakened around the 0.7000 area. The overall price action shows a clear sequence of lower highs and lower lows after the pair reached the 0.7230 region earlier in September. For me, this remains the most important feature of the current chart The decline became more convincing after price failed to maintain the 0.7140–0.7160 area and started moving progressively lower. The bearish structure is also supported by the Parabolic SAR, which has remained predominantly above the candles during the latest downward movement. From my perspective, this indicates that sellers still have control of the medium-term H4 structure At the moment, however, I would not describe the market as aggressively bearish on the very short term. Price has recently reached the 0.7000–0.7020 zone and started moving sideways. Several candles around this area show hesitation, which tells me that buyers are attempting to defend the psychological 0.7000 level. This area could therefore become an important decision point for the next significant move. The first resistance I am watching is around 0.7045. If AUD/USD can break above this level and maintain H4 closes above it, I would pay attention to the next resistance around 0.7065–0.7090. A stronger recovery above that zone could potentially bring the pair back toward the 0.7110–0.7140 region, where previous price action created additional resistance On the downside, the 0.7000 area is the key support in my view. A clean H4 break below 0.7000, especially if accompanied by strong bearish candles, would suggest that the sellers are regaining momentum. In that scenario, I would watch the 0.6990–0.6985 region as a possible next area of interest. I would prefer to see confirmation rather than reacting to a temporary move below the psychological level. Another thing I notice is that the recent rebound has not yet produced a convincing higher high on the H4 timeframe. That is important to me because a genuine trend reversal normally requires more than a few bullish candles. I would want to see price break a previous swing high, establish a higher low, and then continue upward before considering the bearish structure invalidated For now, my personal bias remains cautiously bearish, but I am aware that price is sitting near an important support zone. I would therefore avoid chasing the downside directly into 0.7000. Instead, I would watch how price behaves around this level and whether the next H4 candles confirm either a breakdown or a meaningful bullish recovery.