The AUDUSD has been exhibiting a downtrend on the daily chart, with the price consistently breaking below key support levels. The recent candles have formed a bearish engulfing pattern, indicating a strong sell signal. The price action is also being reinforced by a decline in momentum, with the RSI falling below 30. The daily volume has been moderate, with a slight increase in recent candles, suggesting that the sell-off is gaining traction. The current setup supports a sell signal, with the price expected to continue its downward trajectory. A breakdown below the current support level could trigger further selling, potentially…

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