On the M5 chart of AUDUSD the market has been sliding from the 0.7075 region toward the 0.7010‑0.7005 corridor since the 16th of June. The last three bars (0.70112‑0.70118, 0.70115‑0.70111, 0.70114‑0.70115) show a tightening range and a clear low‑pivot around 0.7005, which now acts as a short‑term support. Volume spikes above 500 occurred during the sharp dip to 0.70033, indicating aggressive selling. Since then, volumes have settled around 150‑250, suggesting the down‑move lost momentum and buyers are stepping in. The most recent M5 candles display modest buying pressure, with closes edging higher despite similar lows, a bullish divergence that validates…

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