The AUDUSD instrument has been exhibiting a declining trend since the beginning of the candle window, with the price falling from 0.743 to 0.715. The recent candles have formed a series of lower highs and lower lows, indicating a bearish momentum. The volume has been relatively high, especially during the recent sell-off, confirming the strength of the downtrend. The current price action suggests a potential continuation of the downtrend, with the support level around 0.711 serving as a crucial barrier. Given the bearish momentum and the confirmation from volume, a sell signal on the D1 timeframe is justified. The recent…

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