The AUDUSD M5 chart shows a bullish breakout formation following a consolidation phase. Recent closes have consistently tested and held above the 0.70115-0.7012 support zone, with higher lows forming since the 0.70053 low on June 16. The 0.70148 entry level aligns with a key pivot point where price rejected lower levels and found strength, indicated by moderate volume spikes (e.g., 195, 150) during the rally. A clear ascending trend is visible, with the 0.70194 high acting as immediate resistance. The current setup suggests a continuation of the bullish momentum, as price consolidates near the 0.7012-0.70148 range, which has shown strong…

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