The AUDUSD H1 chart reveals a clear bearish bias with consecutive lower closes and diminishing volume, indicating weakening bullish conviction. Recent price action has been confined within a descending channel, with the 0.7067 level acting as a critical support zone. The last few candles show a shallow pullback to this support, followed by a failed attempt to retest higher, suggesting exhaustion in the uptrend. Volume remains subdued, which aligns with the lack of strong bullish momentum, making the support break more likely to be a decisive reversal. The pair has been consolidating near key resistance at 0.7082-0.7091, but the inability…

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