The H1 chart of AUD/USD reveals a bullish breakout from a consolidation phase between 0.7010 and 0.7022, with recent price action testing key support at 0.7008 and forming higher lows. The close at 0.70111 following a high of 0.70136 suggests a potential reversal setup, as the price has failed to sustain lower levels and is now rebounding. Volume remains elevated during these consolidation phases, indicating strong participation from traders, which validates the breakout's credibility. The pair has shown positive momentum, with consecutive closes above the prior lows, hinting at a resumption of the uptrend. The current structure aligns with a…

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