On the H1 chart of AUDUSD the market experienced a sharp dip to 0.70415 on strong volume, then settled into a range around 0.701–0.702. The low‑volume candles after the dip indicate waning selling pressure, while the bullish candle at 0.70214 (open 0.70114, high 0.70241, close 0.70214) showed a clear engulfing of the prior red bar and was supported by a modest volume rise, suggesting a shift in momentum. Since the price found a firm support near 0.7008, the recent lows around 0.6989 are now acting as a technical floor. Holding above the 0.701 level reinforces the upside bias, and the…

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