BUY AUDUSD – 0.70756

The trade is based on a well‑defined order‑block on the 4‑hour timeframe that aligns with a recent high‑volume buying sweep, placing the entry at 0.70756 just above the block and a structural stop at 0.70616. Although the multi‑timeframe view is slightly bearish, the short‑term H4 bias is bullish, and the OBV shows a conflict that adds caution. On the fundamental side, US consumer‑price data came in below expectations, pushing market expectations for a June rate cut above 50 % and weakening the greenback, which benefits the Australian dollar as a risk‑sensitive commodity currency. The combination of technical support, volume confirmation, and a favorable macro backdrop justifies a medium‑confidence, medium‑conviction long position with tiered profit targets.