Price is showing weakness after failing to reclaim the mid-range resistance, forming lower highs on the 1H timeframe while momentum continues to fade. The current area acts as a rejection zone where sellers previously stepped in, suggesting distribution rather than accumulation. If this level holds, liquidity below the range is likely to be targeted first around 0.0200, with a deeper move toward the major H4 demand around 0.0164 as the next downside objective.