AUDUSD Downtrend continuation

Updated
Hello traders, this is my setup for the pair AUDUSD. I believe price will try and go up but fail around .70600, once I see a nice rejection I'll open a short position with a target of .69300. Any thoughts on this pair? Feel free to leave them in the comment section x
Note
Rejection exactly where I predicted, once price makes a bearish move I will open a short with 1st target .69700 and then a drop to .69300. If price decides to increase then I will look for possible re-entry and update you.
AUDUSDChart PatternsFundamental AnalysistradetradeideaTrend Analysis

Disclaimer