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The AUD/USD pair is showing a mixed technical outlook with intraday consolidation expected after recent price action. Key resistance at 0.6977 (former support) and critical support at 0.6881 are highlighted as pivotal levels. A breakdown below 0.6881 could extend the decline toward the 0.6756 Fibonacci level. Bearish divergence in the D MACD indicator adds weight to potential further downside. For traders, this analysis underscores the importance of monitoring these key levels for directional bias. The broader bearish trend from 0.7277 to 0.6832 remains intact, with Fibonacci targets providing structured risk-reward opportunities. Market participants should watch for confirmation of breakdowns below 0.6881 and divergence signals in the MACD for conviction in bearish positioning.
