The AUD/USD pair is entering the session in a clearly bearish environment after a forceful selloff erased the previous recovery structure and drove the market toward the lower end of the visible range. On the H1 chart, the decline is not isolated — it follows a broader loss of upside momentum that gradually turned into a decisive downside move. The latest candles show that the pair is trying to stabilize after a sharp drop, but at this stage the market still looks fragile rather than recovered. For the full day, the main question is whether buyers can build a meaningful rebound from depressed levels, or whether the current pause is only a temporary consolidation before another wave lower.
Current price: 0.71596
Pivot: 0.7180
Nearest support levels: S1: 0.7148, S2: 0.7132, S3: 0.7115
Nearest resistance levels: R1: 0.7180, R2: 0.7200, R3: 0.7220
Note: As long as the pair remains below the pivot at 0.7180, the intraday bias stays bearish and the market may continue probing 0.7148. A confirmed move below that support would expose 0.7132 and then 0.7115 as the next downside objectives for the day. If AUD/USD manages to reclaim 0.7180, a corrective rebound toward 0.7200 could unfold, while 0.7220 would be the next major upside target. Still, given the recent breakdown and the weak closing structure near the lows, recovery attempts are likely to remain vulnerable unless buyers can force a stable return above 0.7200.
