The AUD/USD has been navigating a bearish trend on the D1 timeframe, with the price consistently testing support levels around 0.712. The recent candles depict a weakening momentum, as the price struggles to break below the 0.705 level. The volume, although fluctuating, shows a decrease in activity, indicating a possible exhaustion of the selling pressure. This setup supports the generation of a SELL signal, as the price is likely to find support at the 0.693 level, based on the previous lows. The current candle formation, with a long lower wick, suggests a potential reversal, but the overall trend remains bearish.…

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