On the H1 chart of AUDUSD we see a clear weakening of bullish pressure. After the mid‑session rally that pushed the pair up to the 0.70028 high, the last three candles have formed lower highs and lower lows, with the most recent bar closing at 0.69979 on modest volume (3.7k). The earlier 0.69833 level now acts as a strong resistance, and the price has failed to sustain momentum above it, suggesting a shift to bearish bias. Volume on the upward moves has tapered while sell‑side activity has remained consistent, confirming the lack of conviction behind the rally. Given this contraction…

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