The pair traded within a range after the sharp decline from the 0.7140 area, but the broader H1 structure still shows pressure near the lower part of the chart. AUD/USD remains below the former breakdown zone, and the current consolidation looks vulnerable unless buyers can reclaim the Pivot and build momentum above it.
Current price: 0.70204
Pivot: 0.7030
Nearest support levels:
S1: 0.7005
S2: 0.6985
S3: 0.6965
Nearest resistance levels:
R1: 0.7045
R2: 0.7065
R3: 0.7090
Note:
Above Pivot: a move above 0.7030 may reduce immediate bearish pressure and support a recovery toward 0.7045. A stronger breakout above this area may open the way toward 0.7065 and 0.7090.
Below Pivot: while AUD/USD remains below 0.7030, sellers may keep the advantage. A break below 0.7005 may extend the decline toward 0.6985 and 0.6965.
