AUDUSD is trading in a clean range, with price respecting clear horizontal boundaries between 0.7000 support and 0.71250 resistance. Structure is balanced and rotational, so while price remains inside this range, the neutral expectation is continued movement between the highs and lows.
A bullish scenario requires a strong impulsive push through resistance and, more importantly, a decisive close and hold above 0.7200, confirming momentum shifting to the upside and invalidating the current range structure.
A bearish outcome would be a clear breakdown below 0.7000, with acceptance beneath the range exposing downside liquidity toward 0.6900.
For now, price remains compressed within established boundaries, with expansion likely to follow once either side gives way.