The AUDUSD daily chart presents a bearish setup, supported by the recent downtrend. The price has been trading below the 50-period moving average, indicating a weakening trend. The Relative Strength Index (RSI) is also in a bearish territory, suggesting that the price may continue to decline. The latest candles data shows a series of lower highs and lower lows, confirming the downtrend. The daily chart is also showing a bearish engulfing pattern, which is a strong indication of a potential sell signal. The price is currently trading near the support level of 0.715, and a break below this level could…

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