AUD/USD is trading near 0.6964 after a sharp intraday decline from the 0.6990–0.7000 area. The pair has broken below the recent consolidation zone, which weakens the short-term outlook and keeps the risk of further losses elevated. A recovery above 0.6975 would reduce immediate downside pressure, but buyers need to return above 0.6990 to restore a neutral intraday structure.

Current price: 0.6964

Pivot level: 0.6970

Support:

• S1: 0.6955
• S2: 0.6940
• S3: 0.6925

Resistance:

• R1: 0.6975
• R2: 0.6990
• R3: 0.7005

Comment:

• Below the pivot level, AUD/USD may extend the decline toward 0.6955 and 0.6940.
• Above 0.6970, the pair may attempt a rebound toward 0.6975 and 0.6990.
• The bearish scenario remains stronger while price stays below 0.6990.

AUD USD