On the H4 chart the AUD/USD has been losing momentum since the mid‑May rally. The last three 4‑hour bars have produced lower highs, with the most recent bar closing at 0.71315 after a modest high of 0.71461. Volume has risen on the down‑ticks, especially the 4‑hour bar that fell from 0.71887 to 0.71793, indicating that sellers are in control. A break below the 0.7140 support zone turned the previous swing low into a new pivot, and the price is now testing the 0.7172 resistance that acted as the last swing high. With bearish divergence on volume and no bullish reversal…

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