On the M5 chart of AUD/USD the market has carved a clear bullish channel since the low near 0.6997 on 2026‑06‑18. The price reclaimed the 0.7010‑0.7013 zone with a series of higher closes and modestly expanding volume, indicating buying interest outweighs the limited sell pressure seen on the lower‑volume pull‑backs. The recent swing low around 0.7007 acts as a strong support line; a break below would require a decisive move, which the current volume profile does not support. Above, the 0.7040‑0.7043 area, previously tested on 2026‑06‑16, marks a clear resistance that aligns with the projected target. The confluence of a…

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