The AUDUSD on the H4 timeframe is experiencing a bearish trend, with a clear downward momentum since the start of the candle window on April 28th. The price has been consistently trading below the 50-period moving average, indicating a strong bearish bias. The recent candles show a series of lower highs and lower lows, confirming the bearish trend. The volume has also been decreasing, which suggests a lack of buying interest. The Instrument:, AUD/USD, has been under pressure due to the strong Australian dollar, leading to a decline in its value against the US dollar. Considering the current technical setup,…

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