The pair traded within a range after the sharp decline from the 0.7140 area, but the broader H1 structure remains clearly defensive. AUD/USD is consolidating near the lower part of the chart and remains close to the psychological 0.7000 area. Unless buyers reclaim the Pivot, the pair may stay exposed to renewed downside pressure during the day.
Current price: 0.70041
Pivot: 0.7015
Nearest support levels:
S1: 0.6990
S2: 0.6975
S3: 0.6955
Nearest resistance levels:
R1: 0.7028
R2: 0.7048
R3: 0.7070
Note:
Above Pivot: a move above 0.7015 may reduce immediate selling pressure and support a corrective rebound toward 0.7028. A stronger breakout above this area may open the way toward 0.7048 and 0.7070.
Below Pivot: while AUD/USD remains below 0.7015, sellers may keep the advantage. A break below 0.6990 may extend the decline toward 0.6975 and 0.6955.
