The AUDUSD daily chart has been trending downwards since the beginning of February, with a clear bearish momentum. The recent candles have formed a descending pattern, with lower highs and lower lows. The price has been consolidating between the 0.7050 and 0.7250 levels, but the overall trend remains bearish. The volume has been decreasing, indicating a lack of buying interest. This bearish trend is expected to continue, with the price potentially reaching the 0.6960 level. The sell signal is justified by the bearish momentum and the descending pattern on the chart. The current setup supports the sell signal, with the…

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