AUD/USD: Bearish Outlook Persists Despite Recent Bounce – Opportunity at Key Resistance

Current Market Observations & Technical Setup

The AUD/USD pair has been in a clear bearish trend, and while we've seen some buyers step in, leading to a bounce higher from the day's low of 0.64646, I believe this may present a strategic opportunity for a short entry. The current price sits at 0.64978, reflecting a 24-hour change of -0.00222 (-0.34%). This recent upward move could be interpreted as a retest of previous support now acting as resistance, or simply profit-taking within the broader downtrend.