AUD/USD is trading at 0.7156 (-0.12%), holding above both the 20-day (0.7110) and 50-day (0.7020) SMAs, confirming the broader uptrend remains intact despite today’s minor pullback. The pair is firmly within an ascending 20-day dynamic channel (support at 0.7135, 21.4 pips below; resistance at 0.7248, 92.1 pips above) and a similarly ascending 50-day channel (support at 0.7057, 98.7 pips below; resistance at 0.7222, 65.4 pips above). The proximity to the 20-day dynamic support (0.7135) is notable — a break below could trigger a test of the session low (0.7138) and pivot support at 0.7154.

Static levels show immediate pivot resistance at 0.7162 (just 6 pips above), with R1 at 0.7173 (17 pips above). The RSI at 66.7 suggests neutral momentum, though nearing overbought territory, which may cap near-term upside. The pair’s ability to hold above the 20-day SMA (0.7110) and dynamic support (0.7135) will be critical — failure here could see a retracement toward the 50-day SMA (0.7020).

Short-term, the ascending channels favor buyers, but the tight range between pivot resistance (0.7162) and dynamic support (0.7135) suggests consolidation. A decisive break above R1 (0.7173) could target the 20-day dynamic resistance (0.7248), while a drop below 0.7135 opens the door to 0.7110. Watch US session flows for direction — a close above 0.7162 would reinforce bullish momentum.