The AUDUSD on the H1 chart has been showing a bearish trend since the start of the trading week, with a series of lower highs and lows. The price action has been characterized by a decrease in momentum, as indicated by the decreasing highs and increasing lows. The most recent candlestick formation suggests a potential breakdown of the support level at 0.724, which could lead to a further decline in price. The volume has been decreasing, which may indicate a lack of conviction from buyers, making the bearish trend more likely. A sell signal is justified given the bearish trend,…

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