On the H1 chart for AUDUSD, the market has been consolidating after a brief rally to the 0.6967 region earlier in the session. The last five candles show a descending swing, with the most recent low around 0.6915 and the price stabilising near 0.6925‑0.6935. Volume spikes on the pull‑back (e.g., 5,475 and 4,218 contracts) suggest strong participation and provide a credibility boost to the support zone around 0.6930‑0.6935. Technical context reveals a well‑defined lower‑side support at the 0.6930 level, coinciding with the 20‑period EMA and a minor bullish reversal candle that closed above the prior body. Momentum indicators (not shown)…

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