The AUDUSD has been trending upwards on the H4 timeframe, with a series of higher highs and higher lows since the last major swing low at 0.711. However, the recent candlestick pattern suggests a potential reversal, with a bearish engulfing pattern forming on the last two candles. The volume has been decreasing, which is a bearish sign, and the Relative Strength Index (RSI) has been overbought, indicating a potential pullback. The price action is also approaching a key resistance level at 0.731, which could act as a catalyst for a sell-off. Given the technical analysis, the direction of the signal…

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