The pair has recovered steadily from the 0.6965 area and is now approaching the psychological 0.7000 level again. AUD/USD remains constructive in the short term, although the upside is slowing near resistance. For the full-day outlook, the pair keeps a neutral to bullish bias while it trades above the Pivot. A move above the nearest resistance may strengthen bullish momentum.

Current price: 0.6990

Pivot: 0.6985

Nearest support levels:

• S1: 0.6975
• S2: 0.6965
• S3: 0.6955

Nearest resistance levels:

• R1: 0.7000
• R2: 0.7010
• R3: 0.7020

Note:

• Above Pivot: holding above 0.6985 may support further gains toward 0.7000, 0.7010 and 0.7020.
• Below Pivot: a move below 0.6985 may trigger a correction toward 0.6975, 0.6965 and 0.6955.

AUD, USD