AUD/USD is trading around the psychological 0.7000 level after a volatile recovery from last week’s lows. The pair remains in a broad intraday range, but the latest rebound shows that buyers are still defending the lower part of the structure. A move above 0.7010 would improve the short-term outlook, while a decline below 0.6985 may bring the pair back under pressure.

Current price: 0.7000

Pivot level: 0.7000

Support:

• S1: 0.6985
• S2: 0.6970
• S3: 0.6955

Resistance:

• R1: 0.7010
• R2: 0.7020
• R3: 0.7040

Comment:

• Above the pivot level, AUD/USD may rise toward 0.7010 and 0.7020.
• Below the pivot level, the pair may correct toward 0.6985 and 0.6970.

AUD USD