The pair traded within a strong recovery channel and starts Friday in the upper part of that bullish structure. AUD/USD corrected earlier from the recent top, found support above 0.7200, and then resumed rising toward 0.7225. The market is now trying to stabilize near the local highs again, which matters for the whole day because it suggests that the previous pullback did not break the broader recovery trend.
For the full session, buyers keep the advantage while price remains above the pivot and continues to print higher intraday lows after the correction phase. If the pair can push through nearby resistance, the next daily leg higher becomes possible. If price loses the pivot, however, the market may drop back into a broader corrective range and test whether the recent rebound was only temporary. So the day opens with a bullish bias, but the pair is close enough to resistance that momentum still needs to follow through.
Current price: 0.72239
Pivot: 0.72170
Nearest support levels: S1: 0.72040, S2: 0.71860, S3: 0.71620
Nearest resistance levels: R1: 0.72380, R2: 0.72580, R3: 0.72820
Note:
Above Pivot: If the pair holds above 0.72170, buyers may continue the recovery toward 0.72380 and 0.72580. If bullish momentum strengthens during the day, the next upside target may come at 0.72820.
Below Pivot: If the pair falls back below 0.72170, a broader pullback may develop toward 0.72040 and 0.71860. A deeper daily correction would then expose 0.71620.
