AUDUSD Coils Above Rising Support as Symmetrical Triangle TighteAustralian Dollar / U.S. DollarFOREXCOM:AUDUSDFOREXcomAUDUSD on the daily chart is consolidating after a strong impulsive move higher, with price now compressing into a symmetrical triangle near the 0.70 area. The structure shows a series of lower highs pressing against a rising support line, suggesting the market is in a pause phase rather than a clear reversal at this stage. The moving averages continue to support the broader constructive backdrop. Price remains above both the 50-day SMA and the 200-day SMA, while the 50-day is still trending above the 200-day, reinforcing that the larger trend structure remains positive. The pullback into consolidation appears controlled so far, with no decisive breakdown beneath the rising average support. Momentum has cooled, which fits the consolidation theme. MACD has flattened and drifted lower from its earlier peak, indicating the prior upside momentum has slowed. RSI is hovering around the midline near 50, showing a more neutral balance between buyers and sellers and confirming the lack of immediate directional expansion. As long as price holds above the triangle’s lower boundary and the 50-day SMA, the chart still leans constructive on a broader basis, though the short-term picture is clearly neutral while this range tightens. A decisive move outside the triangle would likely define the next directional phase, with traders watching whether the pair resumes the prior uptrend or slips into a deeper retracement. Overall, AUDUSD is showing consolidation within an intact medium-term uptrend, with triangle compression, moving average support, and neutralizing momentum all pointing to a market that is preparing for its next larger move. -MW