On the H1 chart of AUDUSD the market has transitioned from a sharp decline around 0.704 to a firm bounce off the 0.700‑0.701 zone. After the low of 0.69975 the price closed above 0.701 on several consecutive bars, establishing a higher low and indicating a nascent uptrend. Volume spikes at the 0.70415 and 0.70073 levels confirmed the strength of the moves, while the recent moderate‑volume candles have held tightly around 0.701, suggesting accumulation rather than a fleeting rally. Key resistance now sits near 0.7045‑0.705, a zone that previously capped the advance and aligns with the upcoming target. With the price…

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