AUDUSD Drop After Retrace

The major trend is a downtrend which is in the correction phase right now and is retracing the bearish move with a slow uptrend.

There is a resistance zone which has rejected the price for several times and has pushed it to the downside. Currently, price is bouncing sideways between the red resistance zone and the yellow support level.

Since the major trend is a downtrend and the bearish candles seem to be stronger, if price breaks the yellow support at 0.70500 to the downside and closes a bearish candle below this level, I expect a drop on AUDUSD to the marked green lines (0.70100 and 0.69540).