AUD/USD is the currency pair representing the exchange rate between the Australian dollar and the United States dollar, a widely traded currency pair in the foreign exchange market. On the H1 timeframe, the AUDUSD has been trending downwards over the past few days, with a clear bearish momentum. The recent candles show a series of lower highs and lower lows, indicating a strong downtrend. The volume has been increasing, suggesting that the move down has some strength behind it. The price is currently trading near the support level of 0.706, which has been a key level of interest for the…

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