The AUDUSD daily chart presents a bearish setup, with a recent peak at 0.72279 serving as a potential resistance level. The price action has been trending downwards, with a clear downward momentum evident in the past few weeks. The daily low of 0.69342, which aligns with the target price, suggests a strong bearish bias. The volume has been increasing, indicating a growing interest in the trade. As the price approaches the resistance level, a potential reversal or a pullback can be expected. Given the current trend and the increasing volume, a sell signal appears justified. The signal time coincides with…

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