On the 2026‑03‑13 M15 chart, AUDUSD has been consolidating within a clear bearish channel, moving from 0.714 into the 0.707‑0.708 zone. The series of lower highs and lower lows confirms a sustained downtrend, and the recent swing low at 0.7067 indicates a new support level. Volume has risen steadily, reinforcing the downward momentum. The price is currently near the 0.708 resistance that has repeatedly failed, suggesting the next move will likely break it and continue the trend. A short position is justified: the entry sits just below the current consolidation, the stop protects against a temporary bounce to 0.7098, and…

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