Signal AUDUSD Sell — H4 - May 12, 2026 21:13 GMT-4
The AUDUSD has been in a downtrend on the H4 timeframe, with price action forming a series of lower highs and lower lows. The recent price action has been characterized by a decrease in momentum, with the Relative Strength Index (RSI) falling from 55 to 40. The volume has been decreasing, indicating a lack of conviction in the move. The recent candlesticks have been forming a bearish engulfing pattern, which is a strong indicator of a downtrend. The price action has been finding support at the 0.722 level, which is a key level of resistance. Given the current technical context,…