AUD/USD is trading inside a firm recovery structure after bouncing from the lower part of the recent range. The pair is now close to the Pivot zone and slightly below the latest local highs, which leaves the short-term picture mildly bullish, but buyers still need a clean break above resistance to gain stronger momentum.

Current price: 0.6941

Pivot: 0.6940

Nearest support levels:

• S1: 0.6930
• S2: 0.6920
• S3: 0.6905

Nearest resistance levels:

• R1: 0.6950
• R2: 0.6960
• R3: 0.6975

Note:

• Above Pivot: holding above 0.6940 keeps the door open for another push toward 0.6950, 0.6960 and 0.6975.
• Below Pivot: slipping below 0.6940 would weaken the current recovery and expose 0.6930, 0.6920 and 0.6905.
• Intraday view: the pair is in recovery mode, but still within a range, so breakouts should be confirmed before expecting a larger directional move.

AUD, USD