Signal AUDUSD Sell — H4 - May 11, 2026 03:29 GMT-4
The AUDUSD H4 chart shows a clear reversal setup following a prolonged uptrend. Price has formed a descending triangle pattern with key resistance at 0.72402 (high of the last candle) and support at 0.72378 (close of the same candle). The recent close at 0.72378, paired with a significant drop in volume (7075) compared to prior bullish candles, indicates weakening momentum. The prior candle closed near its high, suggesting a potential overbought condition, while the subsequent candle failed to sustain the rally, with lower volume confirming lack of buying strength. The current price action is testing critical support levels, and the…