The pair traded within a range after the previous recovery stalled and the market rolled back into a broader intraday pullback. On H1, AUD/USD is now sitting near the lower part of the recent swing zone, which means the daily structure has weakened noticeably. Even so, the pair is not yet in a full breakdown mode, and the market may still try to build a corrective base if sellers fail to extend the drop below the latest low cluster.
For the full trading day, the focus is on whether buyers can stabilize the pair above support and return it into the mid-range, or whether the current weakness will evolve into a deeper bearish continuation. The pivot area will remain the key decision point.
Current price: 0.71204
Pivot: 0.71280
Nearest support levels: S1: 0.71100, S2: 0.70940, S3: 0.70750
Nearest resistance levels: R1: 0.71380, R2: 0.71560, R3: 0.71740
Note:
Above Pivot: If the pair regains 0.71280 and holds above it, buyers may develop a recovery toward 0.71380 and 0.71560. If bullish momentum strengthens during the day, the next target may come at 0.71740.
Below Pivot: If the pair remains below 0.71280, bearish pressure may continue toward 0.71100 and 0.70940. A deeper intraday decline may then expose 0.70750.
