The AUD/USDInstrument: AUD/USDis experiencing a bearish trend on its D1 timeframe, as evident from the declining highs and lows. The recent candles have formed a series of lower highs and lower lows, indicating a potential reversal in the upward momentum. The volume, although not extremely high, has been increasing, suggesting a strengthening bearish sentiment. The current price is trading near the support level of 0.716, which has been a key level of resistance in the past. A break below this level could trigger a further decline towards the target price. The stochastic oscillator is also indicating a sell signal, further…

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