AUD/USD is the currency pair representing the Australian dollar and the US dollar, a widely traded pair in the foreign exchange market. On the H1 timeframe, the recent price action suggests a bearish trend. As seen in the last candles, the price has been trading within a descending channel, with the high and low prices forming a lower high and a higher low pattern. The momentum has been weakening, with the closing prices consistently lower than the opening prices. The volume, although not extremely high, has been increasing on the down days, indicating a potential strength in the sell-off. Looking…

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