Post #4272

🇳🇿🇺🇸AUD/USD H4 Scenario – Technical & Fundamental Outlook 💡AUD/USD continues to trade under pressure after failing to sustain gains above the 0.6680–0.6700 resistance zone. Price action has confirmed a breakdown of the ascending channel, shifting short-term momentum firmly to the downside. 📊Technical Analysis 📎 Clear rejection from the 0.6680 supply zone aligns with a break below channel support. 📎 Current bearish momentum points toward a potential continuation into the 0.6460–0.6440 demand zone. 📎 As long as price remains capped below 0.6620, downside bias stays intact. Only a decisive reclaim of 0.6700 would shift sentiment bullish. 📰Fundamental Context 📎 The AUD remains under pressure amid soft Chinese data and declining commodity demand, weakening risk-linked currencies. 📎 Meanwhile, the USD is regaining strength as U.S. yields stabilize and investors remain cautious ahead of key U.S. inflation and Fed commentary. 📎 Divergence in economic momentum between Australia and the U.S. continues to weigh on the pair. 📊Bias: Bearish while below 0.6620, targeting 0.6500 → 0.6440 in the near term. — ✉️ Join @SHADOWTRADERFX for real-time setups, institutional-grade strategies & exclusive market insights!