The pair continued its upward movement and reached the psychological 0.7000 area. AUD/USD is trading close to the recent high after a strong rebound from the 0.6910–0.6920 zone. For the full-day outlook, the pair remains bullish while it holds above the Pivot. Still, the 0.7000–0.7010 area may act as an important resistance zone and may cause temporary consolidation.

Current price: 0.6997

Pivot: 0.6990

Nearest support levels:

• S1: 0.6975
• S2: 0.6960
• S3: 0.6945

Nearest resistance levels:

• R1: 0.7010
• R2: 0.7025
• R3: 0.7040

Note:

• Above Pivot: holding above 0.6990 keeps the bullish setup active, with targets at 0.7010, 0.7025 and 0.7040.
• Below Pivot: a move below 0.6990 may weaken the current upward structure and lead to a pullback toward 0.6975, 0.6960 and 0.6945.

AUD, USD