Higher highs and higher lows, consolidating below week high.
AUD/USD reclaimed 0.7000 and rallied to the 0.7044-0.7050 area on Thursday's NY session, driven by broad USD weakness after the dovish-leaning Fed. Price has consolidated just under the week high since, holding above EMA(20) with RSI(14) cycling in the upper half but flattening. The 0.7000 big figure below has been converted to support after the breakout.
Support: 0.7030, 0.7000, 0.6990
Resistance: 0.70495, 0.7050
What it said to watch
US ISM Manufacturing Mon 14:00 UTC could materially shift this read
H1 close above 0.70495 opens the path toward mid-June highs
Failure to hold 0.7000 confirms a lower-low and unwinds the breakout
AUDUSD rallied off Wednesday's 0.6920 low and cleared the 0.7000 big figure on Thursday's NY session, the move driven by broad USD weakness after the dovish-leaning Fed. Price has since consolidated between 0.7030 and the 0.70495 week high, holding above EMA20 and EMA50 with RSI cycling in the mid-50s. Reclaimed levels around 0.7000 remain the base of this week's advance.
Support: 0.7028, 0.7000, 0.6990
Resistance: 0.70495, 0.70441
What it said to watch
H1 close above 0.70495 opens the path toward the mid-June highs
Failure to hold 0.7000 reasserts the China drag toward the 0.6950 zone
US ISM Manufacturing PMI today 14:00 UTC could shift the broad USD tone driving this pair
AUD cleared the 0.7000 big figure and reclaimed the trend during Thursday's rally, a move driven by broad USD weakness post-Fed rather than domestic strength. Price has since coiled in a tight 0.7018-0.7044 band, holding above EMA20 with RSI cycling mid-range. The 0.7044 week high has capped repeated attempts, while the soft China PMI (49.2) sits as the standing cap on further upside.
Support: 0.7018, 0.7000, 0.6990
Resistance: 0.70442, 0.7028
What it said to watch
Close below 0.7000 reasserts the China drag toward 0.6950
H1 close above 0.7044 opens the path toward mid-June highs
ISM Manufacturing PMI Monday could shift the broad USD tone driving this pair
AUDUSD ground higher all week off Monday's 0.6920 low, clearing the 0.7000 big figure on broad USD weakness after the dovish-leaning Fed. Price has since coiled into 0.7020-0.7044 near the week high, holding well above the H1 EMA(20) with RSI(14) cycling in the mid-50s. Weak China PMI (49.2) has capped follow-through at the week-high band.
Support: 0.70184, 0.7000, 0.6987
Resistance: 0.70442, 0.70307
What it said to watch
Hourly close above 0.70442 opens the path toward the mid-June highs
Loss of 0.70184 then 0.7000 would break the week's higher-low structure
ISM Manufacturing PMI (Mon 14:00 UTC) could shift the USD tone driving this pair
21:03 UTC
Uptrend, consolidating near highs · RSI 56 · price 0.70395
Higher lows into week-high range top.
AUDUSD rallied hard through Thursday's NY session, clearing the 0.7000 big figure on broad USD weakness after the dovish-leaning Fed and soft US GDP, and has since consolidated between 0.7018 and the 0.70441 week high. Price holds above EMA20 and EMA50 with RSI cycling in the mid-50s on each pullback, showing demand stepping in around 0.7000. Weak China PMI (49.2) has capped extension, keeping the tape rangebound just under the highs.
Support: 0.7018, 0.7000, 0.6990
Resistance: 0.70441, 0.70307
What it said to watch
H1 close above 0.70441 opens the path toward the mid-June highs
Loss of 0.7000 big figure would negate the week's breakout read
US ISM Manufacturing Monday could shift the broad USD tone driving this pair
AUDUSD extended through the 0.7000 big figure on Thursday's NY-driven rally and has held near the week high at 0.70441 since, coasting above EMA20 and EMA50. The move is a broad USD-weakness story after a dovish-leaning Fed; soft China PMI (49.2) has capped follow-through, leaving price ranging 0.7002-0.7044 into Friday. RSI(14) has cooled toward the mid-50s as the advance flattens.
Support: 0.7002, 0.7000, 0.69835
Resistance: 0.70441, 0.70416
What it said to watch
Hourly close above 0.70441 opens the path toward mid-June highs
Failure to hold the 0.7000 big figure reasserts the prior 0.6950 zone
US ISM Manufacturing (Mon) could shift the USD tone driving this pair