AUD/USD AI Live Scan, daily chart, Sunday, 2 August 2026
Every read JAFX AI made on the AUD/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:04 UTC
Recovery off June base, momentum building · RSI 59 · price 0.70395
Rounded base, reclaim above 0.7000 pivot.
A multi-week decline from the late-April peak near 0.7277 bottomed around the 0.6880 june low in mid-June, after which price carved a rounded base and this week reclaimed the 0.7000 pivot and 50-day EMA on broad USD weakness post-Fed. Two firm sessions lift AUDUSD to 0.7040, the highest since mid-June, with RSI cycling up toward the mid-50s but not stretched. Price now sits mid-way in the May–June downswing, with the 0.7088 jun high the next structural cap.
Support: 0.7000, 0.6950, 0.6880
Resistance: 0.7088, 0.7127
What it said to watch
Daily close back below 0.7000 pivot would negate the reclaim and reopen the prior low near 0.6950
Sustained close above 0.7088 jun high opens the path toward the may range near 0.7127
ISM Manufacturing (Mon) and China follow-through data could shift the USD/risk read driving this move
The multi-week correction from the late-April 0.7277 peak bottomed at the 0.6882 June low, and price has since ground back above 0.7000 and reclaimed the 50-day EMA. A two-day rally on broad USD weakness post-Fed and a soft US Q2 GDP print lifted AUD to 0.7040, its highest since mid-June, after soft domestic CPI had already priced out an August RBA hike. Price sits near a 38% retracement of that April-June down move, with the mid-June 0.7088 high the next structural test.
Support: 0.7000, 0.6950, 0.6882
Resistance: 0.7088, 0.7150, 0.7277
What it said to watch
Daily close above 0.7088 opens the path toward the 0.7150 swing high
Failure to hold 0.7000 reopens the 0.6950 prior low zone
US ISM and broad USD direction are the dominant near-term drivers of this recovery