On the M5 chart the AUD/USD pair is in a clear higher‑high, higher‑low structure. After a brief dip to the 0.7003 zone, price rallied to a series of 0.7015‑0.7019 peaks, each candle closing above the prior high, confirming bullish momentum. Volume spikes accompanying the upward moves—especially the 400‑plus contracts on the 0.7010‑0.7012 candles—add conviction to the breakout. The most recent M5 bars have held above the 0.7011 support, with a small bullish pin bar that closed near 0.7012, suggesting the market is ready to test the next resistance around 0.7045. Given the intact swing low at 0.7007 and the strength…

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