The pair traded within a range near the upper part of the recent structure, but the latest H1 movement brought a sharp decline toward the lower support area. The rebound is visible, although AUD/USD remains under the broken support zone, keeping the full-day outlook dependent on the Pivot.
Current price: 0.71237
Pivot: 0.7130
Nearest support levels:
S1: 0.7100
S2: 0.7078
S3: 0.7055
Nearest resistance levels:
R1: 0.7148
R2: 0.7168
R3: 0.7185
Note:
Above Pivot: a recovery above 0.7130 may support a move toward 0.7148. If the pair breaks and holds above 0.7148, the next upside targets will be 0.7168 and 0.7185.
Below Pivot: while the price remains below 0.7130, sellers may attempt to renew pressure. A break below 0.7100 may extend the decline toward 0.7078 and 0.7055.
