AUDUSD maintains its short-term recovery structure, yet the price is stalling just below the 0.7050 supply zone. Repeated failures to break above this area indicate weakening buying pressure, while underlying momentum is also beginning to fade.

Fundamentally, the AUD remains under pressure as Australian inflation data dampens expectations for further RBA rate hikes. Conversely, the USD continues to find support in the Fed's cautious stance.

If the price continues to face rejection below 0.7050, AUDUSD could pull back to test the 0.7000 support level.

Current outlook: Favor selling upon signs of weakness near 0.7050, with an initial target at 0.7000.