The AUDUSD M5 chart shows a clear downtrend forming since the 0.7052 high, with consecutive lower highs and lows indicating weakening bullish momentum. The recent consolidation near the 0.7021-0.7027 range has been marked by declining volume, suggesting a lack of buying strength. The close at 0.70212 (1780877400) and 0.70206 (1781052000) act as key support levels, while the 0.70305 high (1781038800) serves as a critical resistance. The current price action is testing the 0.7027 level, which coincides with a prior peak showing higher volume, potentially signaling a reversal. With the pair trading below the 0.70305 resistance and volume declining, the probability…

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