The pair traded within a range after the previous rally from the weekly low ran into resistance in the upper part of the current H1 structure. AUD/USD still holds a broader recovery pattern from the 0.7110 area, but the latest candles show that buyers are facing heavier supply near the top of the recent move, and the market is drifting into a corrective phase.
For the full trading day, the pair remains relatively firm while holding above the central support band, but it now needs a fresh upside break to keep the recovery structure intact. Without that break, the session may develop into a wider sideways-to-bearish correction after several days of strong gains.
Current price: 0.71749
Pivot: 0.71740
Nearest support levels: S1: 0.71580, S2: 0.71400, S3: 0.71220
Nearest resistance levels: R1: 0.71890, R2: 0.72040, R3: 0.72220
Note:
Above Pivot: If the pair remains above 0.71740, buyers may try to lift the market toward 0.71890 and 0.72040. If bullish continuation returns during the day, the next broader upside target may come at 0.72220.
Below Pivot: If the pair drops back below 0.71740, the correction may widen toward 0.71580 and 0.71400. A deeper daily pullback may then expose 0.71220.
