The H1 chart of AUD/USD has transitioned from a sharp intraday decline that pushed the pair down to the 0.699‑0.700 region in early June into a clear higher‑low structure. After the low‑volume consolidation around 0.701, the market produced a bullish engulfing candle at 0.70255, supported by a volume surge of over 6,000 contracts, indicating renewed buying pressure. Key support now sits just below 0.7000, while the previous high around 0.7045‑0.7050 forms a robust resistance zone. The recent series of candles have closed progressively above their opens, and the average volume has remained above the baseline, confirming the strength of the…

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