The pair traded within a range after Friday’s aggressive decline and is now trying to base near the lower part of the chart. AUD/USD remains weak after the breakdown below the previous support zone, and the current rebound still looks corrective rather than trend-changing. With no major top-tier domestic event early this week, the pair is likely to stay sensitive to the U.S. dollar tone and broader risk sentiment.
Current price: 0.70393
Pivot: 0.7048
Nearest support levels:
S1: 0.7030
S2: 0.7015
S3: 0.6995
Nearest resistance levels:
R1: 0.7058
R2: 0.7075
R3: 0.7095
Note:
Above Pivot: a recovery above 0.7048 may allow AUD/USD to extend higher toward 0.7058. If the rebound gains traction, the next targets will be 0.7075 and 0.7095.
Below Pivot: while the pair remains below 0.7048, the rebound stays vulnerable. A break below 0.7030 may expose 0.7015 and then 0.6995.
