AUD/USD, also known as the Australian dollar against the US dollar, is a major currency pair widely traded in the foreign exchange market. It represents the value of the Australian dollar relative to the US dollar. On the H1 timeframe, the AUDUSD has been trending downwards since the 8th of April, with a recent surge in selling pressure. The candlestick chart reveals a series of lower highs and lower lows, indicating a strong bearish momentum. The recent candles are characterized by small bodies and long wicks, suggesting a high level of volatility. The volume has been increasing, confirming the strength…

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