AUD/USD is trading inside a well-defined rising wedge and has failed to sustain above the major resistance zone around 0.7063. Price rejection from the upper boundary suggests weakening bullish momentum, while sellers continue defending higher levels. A confirmed breakdown below the wedge support could trigger an extension toward the next key support zones, keeping the short-term outlook bearish unless buyers reclaim resistance. AUDUSD

🎯 Key Levels (Must Watch)
🔴 1st Support : 0.69887
🔴 2nd Support : 0.69610
🟢 Resistance Zone : 0.70634

✅ Investors remain focused on the upcoming US Non-Farm Payrolls, a key driver for USD volatility.

✅ Elevated oil prices driven by Middle East tensions continue to support inflation concerns and underpin the US Dollar.

⚠️ Disclaimer : This analysis is for educational purposes only.

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