The pair traded within a range but then produced a strong upward reversal from the 0.7100 area, returning to the upper part of the recent H1 structure. AUD/USD is now consolidating after the rebound, and the overall tone remains positive for the day as long as the market continues to trade above the Pivot zone.
Current price: 0.71614
Pivot: 0.7152
Nearest support levels:
S1: 0.7140
S2: 0.7125
S3: 0.7105
Nearest resistance levels:
R1: 0.7169
R2: 0.7182
R3: 0.7200
Note:
Above Pivot: while the pair holds above 0.7152, buyers may keep control and attempt another push to 0.7169. A sustained move above that level may open the way toward 0.7182 and then 0.7200 during the day.
Below Pivot: if the pair slips below 0.7152, the bullish impulse may fade and trigger a pullback toward 0.7140. A deeper correction may then extend to 0.7125 and 0.7105.
