On the H1 chart of AUD/USD, the last 48 candles show a clear swing from a high of 0.7073 down to a trough near 0.6995, then a gradual recovery. The decline was accompanied by a spike in volume around the 0.704–0.703 region, confirming strong selling pressure. Since the low, volume has tapered, and the price has been consolidating between 0.7004 and 0.7022, forming a tight range that respects the 0.7004‑0.7005 support zone. A buy at the current level aligns with that support, while the stop‑loss just below the recent swing low protects against a breakout. The next logical hurdle is…

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