The AUD/USD pair traded within a consolidation phase after a solid rebound from the recent lows. Price managed to recover into the upper part of the short-term range, but the latest candles show that bullish momentum has started to slow below the recent swing high area. This leaves the pair in a neutral-to-bullish intraday structure, with the pivot acting as the key trigger for the next directional move.
Current price: 0.71649
Pivot: 0.71630
Nearest support levels: S1 0.71560, S2 0.71470, S3 0.71350
Nearest resistance levels: R1 0.71730, R2 0.71820, R3 0.71920
Note: Above 0.71630, the pair may keep recovering toward 0.71730 and 0.71820, with 0.71920 as the upper target for the day. Below 0.71630, a corrective retreat may develop toward 0.71560 and 0.71470; a stronger downside continuation would bring 0.71350 into focus.
