The AUDUSD H4 chart reveals a clear downtrend with consecutive lower closes and declining highs, indicating weakening bullish momentum. The recent candle closing at 0.71391 (low: 0.71334) shows a strong bearish push, supported by elevated volume (17012) that validates the selling pressure. Price has tested key resistance levels around 0.71427 multiple times, failing to hold above them, which suggests a potential breakdown below the 0.71334 support. The formation of lower highs and lows, combined with volume contraction in recent bullish attempts, reinforces the bearish bias. The current setup implies a high probability of further downside, targeting the 0.71042-0.71173 range as…

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