The AUDUSD instrument has been exhibiting a downtrend on its daily chart, with the price consistently breaking below its previous lows. This downward momentum is evident in the recent candles, where the price has made a series of lower highs and lower lows, indicating a strong bearish sentiment. The volume has also been supporting this downtrend, with increasing volume on the lower lows and decreasing volume on the higher highs. This suggests that the bears are in control and the price is likely to continue its downward trajectory. The recent candles have also been forming a bearish engulfing pattern, which…

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