The AUDUSD on the daily timeframe has been exhibiting a bearish momentum over the past few weeks, with a series of lower highs and lows indicating a weakening trend. The recent candles show a clear rejection of the 0.7300 resistance level, with the price declining to test the support at 0.7100. The volume has been increasing on the downside, confirming the strength of the bearish move. The Relative Strength Index (RSI) is also in the oversold territory, indicating a potential buying opportunity in the near future. However, the current setup supports a short-term sell signal, as the price is likely…

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