On the H1 chart of AUDUSD the market has been oscillating between 0.706 and 0.699 over the past 48 hours. A sharp down‑move on 2026‑06‑17 broke the 0.704 candle with heavy volume (≈15k), establishing a new low near 0.700. The subsequent bounce to 0.703 was weak, but the price has now formed a higher low at 0.7010 after the 0.69975 trough, indicating that the 0.700 area is acting as a firm support zone. The most recent candles show a bullish engulfing pattern – the 0.70214 close comfortably above the prior body – and volume is steady around 2‑3 k, supporting…

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