The AUDUSD M5 chart reveals a bullish reversal setup following a consolidation phase. Recent candles show a decline from 0.70193 to 0.70115, with volume spikes indicating strong bearish momentum during the pullback. However, the last few candles exhibit a reversal pattern: the close at 0.70115 (high volume) marks a potential support validation, while the subsequent range between 0.70112 and 0.70118 suggests accumulation. The price is now poised to break above the prior high of 0.70193, which acts as a key resistance level. The bullish signal is supported by the formation of a higher low and higher high, indicating a potential…

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