The pair traded within a range with a soft bearish tone after failing to sustain its earlier recovery from the 0.7120 area. AUD/USD is still holding above the broader recovery base created after last week’s low, but the market has clearly lost upside pace near the upper part of the recent H1 structure. The latest candles suggest the pair has moved into a corrective phase rather than a fresh breakout leg.
For the full trading day, the market remains sensitive around the central 0.7160–0.7165 band. Above that area, the structure can still produce another upward rotation toward the recent highs. Below it, the pair risks slipping into a wider daily correction, especially if sellers regain control of the mid-range support zone.
Current price: 0.71605
Pivot: 0.71660
Nearest support levels: S1: 0.71480, S2: 0.71320, S3: 0.71140
Nearest resistance levels: R1: 0.71780, R2: 0.71920, R3: 0.72080
Note:
Above Pivot: If the pair reclaims 0.71660 and holds above it, buyers may attempt a move toward 0.71780 and 0.71920. If bullish momentum returns more fully during the day, the next wider target may come at 0.72080.
Below Pivot: If the pair remains below 0.71660, the correction may deepen toward 0.71480 and 0.71320. A broader daily pullback would then expose 0.71140.
