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Monthly chart
There is also a good zone for a decline in the four-hour time frame at the level of 0.673, which meets the 38.2 Fibonacci level at this order block, which supports the bearish movements from this area. But it is before the order block on the daily chart. If there is an entry signal in this area, this could be a good opportunity to decline, but if there is no signal, there is no need to enter any trade, and waiting is the best solution.
Weekly chart
On the weekly time frame, the asset touched the bearish trendline last week, and it is likely to continue this decline to target the liquidity area. What supports the decline is that it rebounded from the order block zone, and this area meets the downtrend. This is a strong confirmation signal for a further decline.
Daily chart
There is also a good sign of a decline in the daily time frame. The decline is expected to continue after rebounding from the order block at the level of 0.68242. What strengthens this level is the presence of Inducement before the order block.
There is a good area to enter if the pair rises to fill the imbalance at the level of 0.67575, and then it may fall from this level.
H4
There is also a good zone for a decline in the four-hour time frame at the level of 0.673, which meets the 38.2 Fibonacci level at this order block, which supports the bearish movements from this area. But it is before the order block on the daily chart. If there is an entry signal in this area, this could be a good opportunity to decline, but if there is no signal, there is no need to enter any trade, and waiting is the best solution.
Points of interest (POI)
Sell from: 0.673 (with the OB and maybe there will be an order flow from there)
TP 1: 0.6687 (first structure point)
TP 2: 0.6640 (if the price continues falling, we may see a retracement from there)
Stop loss: 0.6748 (above the OB)
Macroeconomic news
The highlight of the week is the NFP, which is due on Friday. So, if AUD/USD does not reach the POI areas before the news release, I do not recommend entering the market.
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