On the AUDUSD H1 chart, the last six hours have seen a tight consolidation around the 0.70 level, with the price oscillating between a recent high near 0.703 and a low close to 0.693. Volume has tapered sharply from nearly 19,000 in the early candle to under 1,000 in the most recent period, signalling a weakening of bullish momentum. The price sits just below a key resistance that has been tested multiple times, while a support zone lies comfortably below the current swing low. Given this setup, a short trade aligns with the prevailing downward bias. The entry would be…

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