On the H1 chart, AUD/USD has been trading in a tight range around the 0.688–0.692 corridor. After a brief rally to 0.69207, the pair retraced to 0.68804 before consolidating near 0.6890–0.6905. The recent volume spikes—over 8,000 contracts during the 0.69053 peak—confirm the bullish momentum that pushed the price above 0.69207. The current candle closes near 0.6890, just above the 0.6887 support level, and the lack of a decisive break below that zone suggests the market is primed for a breakout. The 0.68894 entry sits comfortably above the recent low, protecting against a minor pullback, while the 0.68615 stop keeps risk…

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