The pair traded within a range after an aggressive sell-off, with AUD/USD bouncing from the 0.7005 area but still holding below the previous consolidation zone. For the full-day outlook, the current recovery appears corrective, and the Pivot area will be crucial in deciding whether the pair can stabilize or resume the bearish move.

Current price: 0.7032

Pivot: 0.7040

Nearest support levels:

• S1: 0.7020
• S2: 0.7008
• S3: 0.6990

Nearest resistance levels:

• R1: 0.7046
• R2: 0.7060
• R3: 0.7076

Note:

• Above Pivot: a break above 0.7040 may strengthen the rebound and open the way toward 0.7046, 0.7060 and 0.7076.
• Below Pivot: failure to regain ground above 0.7040 keeps the downside scenario active, with possible movement toward 0.7020, 0.7008 and 0.6990.

AUD, USD