The AUD/USD pair continues to trade under bearish control on the H1 chart. The broader decline remains intact, and the market is currently hovering near the lower boundary of the recent intraday range after failing to form a convincing recovery. The last candles show an attempt to stabilize, but this looks more like a pause after the sell-off than a trend reversal. For the whole trading day, the bearish scenario remains dominant unless buyers manage to reclaim the pivot area and build follow-through above nearby resistance.
Current price: 0.71011
Pivot: 0.7109
Nearest support levels: S1: 0.7092, S2: 0.7079, S3: 0.7063
Nearest resistance levels: R1: 0.7121, R2: 0.7138, R3: 0.7157
Note: If the pair remains below the pivot at 0.7109, sellers are likely to retain control and pressure the market toward 0.7092. A break below that level would open the way to 0.7079 and then 0.7063. If AUD/USD rises and consolidates above 0.7109, a corrective rebound may extend toward 0.7121 and 0.7138. Only a more confident push above 0.7138 would reduce immediate bearish pressure and allow the pair to test 0.7157 later in the day.
