On the M15 chart of AUD/USD the recent price action has carved a clear bearish channel. After peaking near 0.7020 on June 19, the pair slipped below the psychological 0.7000 barrier and has been forming lower highs around 0.7010‑0.7005 and lower lows near 0.6995‑0.6988. Volume spikes during the June 19‑20 decline (over 1,000 contracts) confirm strong selling pressure, while the latest candles show dwindling volume, suggesting the down‑move is still intact but losing steam. Key resistance now sits just above the entry level, around 0.6998, and a strong support lies near the recent swing low of 0.6960, which aligns with…

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