The pair traded within a range before a strong upside impulse lifted AUD/USD into the upper part of the visible H1 structure. The pair is consolidating below the recent high, and the daily outlook remains positive while the price holds above the Pivot and the broken resistance area acts as support.
Current price: 0.71806
Pivot: 0.7177
Nearest support levels:
S1: 0.7165
S2: 0.7148
S3: 0.7128
Nearest resistance levels:
R1: 0.7195
R2: 0.7210
R3: 0.7225
Note:
Above Pivot: if AUD/USD remains above 0.7177, buyers may attempt to retest 0.7195. A sustained breakout above this level may extend the bullish move toward 0.7210 and 0.7225.
Below Pivot: a decline below 0.7177 would signal a weaker recovery phase and may lead to a pullback toward 0.7165. If this support fails, the pair may continue toward 0.7148 and 0.7128.
