The AUDUSD 4H chart shows a completed Elliott Wave structure followed by a symmetrical triangle, suggesting potential exhaustion. Price is currently testing the upper boundary, but without a confirmed breakout, there's risk of a false move. Fundamentally, slowing Chinese demand and weaker Australian data could weigh on the Aussie, especially if the Fed maintains a relatively hawkish stance. A rejection from the triangle resistance would validate a short setup, targeting a retracement toward prior support levels, in line with risk-off sentiment and USD strength.