BUY AUDUSD – 0.70896

The entry at 0.70896 sits on a well‑defined order‑block supply‑demand zone on the H4 chart, with price breaking above the structure on high volume, confirming a breakout. Multi‑timeframe analysis shows bullish bias on higher timeframes (MTF bullish) and a 61% bullish probability on the H4, reinforcing the setup. Fundamentally, the RBA’s recent comments on a still‑tight labour market and lingering inflation pressure suggest a less aggressive easing path, while the US labour market’s strength has capped further dollar appreciation, creating relative strength for the AUD. Additionally, commodity price resilience adds upside to the Australian dollar. Combining these technical and fundamental factors yields a high‑confidence, high‑conviction long position with a stop‑loss at the structural low and tiered profit targets.