The AUDUSD has been in a downtrend on the H4 chart since the beginning of the candle window, with a series of lower highs and lower lows. The recent price action has formed a bearish engulfing candle, indicating a strong selling pressure. The volume data confirms this bearish sentiment, with a significant increase in trading activity during the decline. The Instrument:, AUD/USD, has been influenced by the broader market trends, with the Australian dollar facing pressure due to the country's economic fundamentals. Looking ahead, the price may continue its downward trajectory, potentially targeting the support level around 0.712. The current…

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