On the H4 chart of AUDUSD the market has been carving lower highs and lower lows since the 0.7021 peak. The last three candles closed progressively softer (0.69983 → 0.69975 → 0.69914) while volume has tapered from a peak of 24,463 to under 5,100, indicating waning buying conviction. Key resistance sits around 0.7010‑0.7020, and immediate support is forming near 0.6980‑0.6970. The sell entry near the recent low respects this support‑resistance framework, while the stop‑loss placed just above the prior high (around 0.7028) protects against a false breakout. The target near 0.6961 lies comfortably below the emerging support zone, offering a…

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