AUDUSD 1-Hour Market Analysis

The AUD/USD 1-hour chart previously surged to 0.7020 before pulling back to a low of 0.69607, and is currently in a rebound after touching bottom. The upper resistance is the intraday high at 0.69895, with further resistance at 0.69950. The lower support is at 0.69820, with strong support at 0.69607. In the short term, it is likely to test the upper resistance; if it breaks through, the upward trend may continue. If not, it will maintain consolidation at high levels.