On the H1 chart of AUD/USD the last 40 candles show a clear swing from a high of 0.70823 on June 11‑12 to a series of lower highs and lower lows, the most recent bar closing at 0.70643. The upward leg was accompanied by expanding volume, peaking at over 5,000 contracts, while the subsequent decline traded on shrinking volume, suggesting diminishing buying pressure and a loss of momentum. A bearish bias is reinforced by the break of the 0.7075 resistance zone and the emergence of a descending channel that now contains price. The sell entry sits just below the last…

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