The AUD/USD pair continues to trade within a relatively stable intraday consolidation after the earlier bullish advance. The structure on H1 remains moderately constructive, because the market is still holding above the key pullback lows and continues to form a sequence of rebounds from support. However, upside progress has slowed, suggesting that the pair may spend part of the day moving sideways before a clearer directional breakout emerges. The pivot area is the key level separating a bullish continuation from a deeper correction.
Current price: 0.72358
Pivot: 0.7235
Nearest support levels: S1: 0.7224, S2: 0.7212, S3: 0.7200
Nearest resistance levels: R1: 0.7248, R2: 0.7260, R3: 0.7274
Note: If the pair remains above the pivot at 0.7235, the bullish intraday bias may stay in place, allowing the market to retest 0.7248 and then 0.7260. A stronger continuation higher would expose 0.7274. If the price drops below 0.7235 and selling pressure builds, the correction may deepen toward 0.7224 and 0.7212, with 0.7200 acting as the lower support target for the session.
