AUD/USD: Neutral Bias Persists as Price Hovers Between 0.6977 and 0.7087

AUD/USD made a brief recovery to 0.7087 last week before pulling back, with price holding above the 0.6977 support level. The pair remains range-bound within a broader downtrend from the 0.7277 swing high, with 0.6832 acting as the next major support below and 0.7200 as key resistance above. Bias is neutral near-term. A break below 0.6977 would resume the broader decline toward 0.6832, while a push above 0.7087 could trigger a stronger rebound toward 0.7200. Traders should wait for a confirmed breakout on either side before committing to a directional trade.