The pair traded within a clear daily pullback and enters Tuesday after losing the upper part of the late-April recovery structure. AUD/USD climbed strongly into the 0.7220 area, but that move has now unwound into a broader correction. The market is already back near 0.7140, where price is trying to stabilize. This zone can still attract dip-buying, but the pair would need a stronger recovery above the pivot to shift the daily tone back toward the upside.
For the full trading session, the structure remains vulnerable while the pair stays under the balance area. The latest decline has been orderly and persistent, which usually points to ongoing supply rather than a completed washout. That means upside attempts may remain corrective unless price proves otherwise by reclaiming higher intraday resistance. The broader day view is therefore cautious and slightly bearish, with support behavior around the current zone becoming the key factor.
Current price: 0.71412
Pivot: 0.71520
Nearest support levels: S1: 0.71300, S2: 0.71120, S3: 0.70920
Nearest resistance levels: R1: 0.71680, R2: 0.71880, R3: 0.72100
Note:
Above Pivot: If the pair reclaims 0.71520 and holds above it, buyers may attempt a broader rebound toward 0.71680 and 0.71880. If bullish momentum strengthens later in the session, the next upside target may come at 0.72100.
Below Pivot: If the pair stays below 0.71520, sellers may keep pressure on the market toward 0.71300 and 0.71120. A deeper daily decline would then expose 0.70920.
