Lower highs since 0.7277, range forming above 0.7100.
Pair has carved a sequence of lower highs from 0.7277 through 0.7184, but downside momentum has stalled with the 0.7079-0.7108 swing low area holding on retest. Price is now compressing between 0.7153 range low and the 0.7200 psych zone, with EMA20 reclaimed but EMA50 still capping overhead. Mild bullish RSI divergence on the late-May low hints at base-building rather than continuation lower.
Support: 0.7153, 0.7108, 0.7079
Resistance: 0.7200, 0.7236, 0.7277
What it said to watch
H4 close above 0.7200 psych opens path back to 0.7236 prior high
Loss of 0.7153 range low reopens 0.7108 swing low and 0.7079 month low
EMA50 reclaim would shift structural read from downtrend to neutral
05:01 UTC
Downtrend, attempting to stabilise · RSI 46 · price 0.71588
Lower-highs from 0.7277, basing above 0.7080.
Price rolled over from the 0.7277 swing high in mid-window into a steady sequence of lower-highs, with the 0.70792 May low marking the base of the move. Recovery attempts have stalled twice at the 0.7184 prior high, and the latest push there was rejected back toward 0.7150. ATR is moderate and the pair is now consolidating between 0.7133 swing low support and 0.7184 resistance, with EMA20 and EMA50 both overhead.
Support: 0.7133, 0.70975, 0.70792
Resistance: 0.7184, 0.7200, 0.7250
What it said to watch
H4 close above 0.7184 prior high opens path back to the 0.7200 psych level and 0.7250 swing high
Loss of 0.7133 swing low exposes 0.70975 range low and the 0.70792 May low
Middle East ceasefire headlines and Australian Q1 GDP could materially shift this read
01:01 UTC
Downtrend, base building · RSI 47 · price 0.71619
Lower highs from 0.7277, base around 0.7100-0.7180.
Price rolled over from the 0.7277 swing high and has been carving a base between the 0.7079 prior low and 0.7179 swing high over the last two weeks. The most recent attempt at 0.7200 was rejected and price pulled back to the swing low at 0.7133 before stabilising near 0.7162. ATR has compressed off the early-window expansion, consistent with range behaviour beneath both EMAs.
Support: 0.7133, 0.7104, 0.7079
Resistance: 0.7179, 0.7200, 0.7227
What it said to watch
H4 close above 0.7179 swing high would break the lower-high sequence
Loss of 0.7133 swing low opens the 0.7079 prior low
Sustained acceptance back above EMA20 would neutralise the downtrend read