After a sustained corrective drive lower, AUD/USD on the 1-hour timeframe has established a solid support consolidation zone near the 0.7004 level. Price action shows reduced selling pressure, rounding off into a base structure with potential long setups targeting overhead liquidity.
Buy Stop: 0.7049
Stop-Loss Zone: 0.7001
Target 1: 0.71004
Target 2: 0.71506
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