The AUDUSD M5 chart reveals a bullish reversal forming after a prolonged downtrend. Recent price action shows a low at 0.70033 with high volume, indicating strong selling pressure that has since exhausted. The subsequent candles exhibit a consolidation phase, with the latest closing at 0.70183, signaling potential buyers stepping in. The entry level at 0.70148 aligns with a key support zone established by the prior low, where volume contraction suggests a temporary pause before renewed momentum. The current setup favors a buy signal as price breaks above the consolidation high, validating a potential uptrend. With the recent bullish engulfing pattern…

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