On the AUDUSD H1 chart, the pair trades in a narrow range between a swing high near 0.705 and a swing low around 0.695. After a brief rally that peaked in March, the price has retreated and now sits just below the recent high, hinting at a reversal. The latest candles show a consolidation pattern: the close has oscillated between 0.695 and 0.702, with the most recent close near 0.697. The absence of a breakout and a small body on the last hour suggest a bearish bias. Volume analysis confirms the story. The rally that pushed the price to its…

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