The AUD/USD pair is entering the new session in a consolidation phase after an extended recovery. On the H1 chart, the earlier bullish impulse has already slowed down, and the pair is now trading close to the upper part of its short-term range, where repeated attempts to continue higher have started to lose momentum. This suggests that the market is no longer in a clean trend leg, but rather in a balancing phase between profit-taking and renewed buying interest. For today, the key focus is whether the pair can break above the recent intraday highs and resume the upward move, or whether the current structure turns into a broader pullback from overextended levels.
Current price: 0.72575
Pivot: 0.7255
Nearest support levels: S1: 0.7242, S2: 0.7228, S3: 0.7210
Nearest resistance levels: R1: 0.7268, R2: 0.7282, R3: 0.7298
Note: If the pair holds above the pivot at 0.7255, buyers may retain intraday control and attempt another move toward 0.7268. A breakout above this zone may open the way toward 0.7282 and then 0.7298. However, if the pair fails to stay above the pivot and slips back lower, the market may shift into a deeper correction toward 0.7242 and 0.7228. A stronger pullback would then expose 0.7210 as the next bearish target for the day. Overall, the intraday tone remains mildly bullish, but the pair is already trading near resistance, so upside continuation will likely require a fresh catalyst.
