The AUDUSD Instrument: AUD/USD has been experiencing a slow and grinding downtrend on its D1 timeframe, with the price action consolidating within a narrow range. The most recent candles suggest a continuation of this downtrend, with the price forming a series of lower highs and lower lows. The momentum indicators, such as the Relative Strength Index (RSI), are also indicating a bearish bias, further confirming the downtrend. The volume, although not extremely high, is also supporting the downtrend, as it has been decreasing in recent candles. Given this technical context, the signal to go short on the AUDUSD D1 timeframe…

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