Signal AUDUSD Sell — M5 - July 16, 2026 08:42 GMT-4
On the AUD/USD M5 chart the last 30‑minute window shows a clear downshift from the 0.7005 resistance zone. After a brief rally that peaked near 0.7008, the market opened lower and produced a series of lower closes, with the most recent candles closing around 0.6998‑0.6997, indicating a bearish bias. Volume spikes during the upward swing (e.g., the 627‑689 contracts bar at 0.6986‑0.6993) were not sustained, and subsequent bars saw declining volume as price fell, confirming weak buying pressure. The lower‑high, lower‑low pattern and a bearish engulfing on the 0.6999‑0.6997 candles suggest momentum is shifting downwards. Key resistance sits just above…