The pair traded within a range after the prior recovery wave slowed down and shifted into a sideways-to-corrective structure. On H1, AUD/USD still holds above its medium-term rebound base, but buyers have not yet restored enough momentum to confirm a new bullish expansion across the day.
For the full session, the pair may continue to consolidate while the market decides whether this pause becomes a launchpad for another leg higher or a setup for a deeper pullback. The pivot zone is the main balance point for that decision.
Current price: 0.71491
Pivot: 0.71520
Nearest support levels: S1: 0.71360, S2: 0.71220, S3: 0.71020
Nearest resistance levels: R1: 0.71640, R2: 0.71820, R3: 0.72060
Note:
Above Pivot: If the price recovers above 0.71520 and holds there, buyers may target 0.71640 and 0.71820, with 0.72060 as the next broad upside target for the day.
Below Pivot: If the pair remains below 0.71520, corrective pressure may deepen toward 0.71360 and 0.71220, while 0.71020 remains the next downside objective.
