The current structure is still neutral to slightly bullish. The recent rebound from 1.6082 formed a rectangle or bull-flag structure. That alignment favors buyers because pullbacks still meet layered support.
The short-term bias is cautiously bullish above 1.6170, because moving-average alignment and RSI support the rebound. The Aussie dropped to around 0.7100 as the US dollar strengthened amid expectations for the Federal Reserve to lift interest rates this week.