The AUDUSD H1 chart displays a consolidation phase within a narrow range of 0.70008 to 0.70225, with the latest candle closing at 0.70124. The preceding candle (0.70125) showed a sharp rebound with elevated volume (9069), indicating strong buyer interest. This volume spike coincides with a close above the critical support level at 0.70008, which has acted as a psychological floor for the pair. The recent bullish momentum is further validated by the formation of higher lows and a bullish engulfing pattern near the 0.70124 close. The consolidation has been characterized by a series of retracements, but the sustained volume and…

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