AUDUSD – Sellers taking over, the drop is on!

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This pair just got slapped hard at the descending trendline, right as it hit a familiar resistance zone. No more doubts – buyers are losing steam, and sellers are waiting to strike.

Market sentiment from Down Under is shaking, with weak economic signals piling up. Meanwhile, the mighty U.S. dollar is reclaiming the spotlight after gold’s flashy surge. The tide has turned!

Unless a miracle shows up, AUDUSD is set to dive deeper – and this is the perfect stage for traders who thrive on strong downtrends.

Sellers are in position – are you ready to join the ride?

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