AUDUSD ground sideways in a 0.7130–0.7188 band for two weeks before breaking down hard on the last bar to 0.7056 as the 172K US NFP beat revived a firm-USD bid, compounding the AUD's Q1 GDP miss. The break cleared the 0.7120 support and the 0.7070 rectangle base in one move, leaving lower highs and a fresh lower low intact. RSI is pressed into oversold territory and price sits well below both EMA20 and EMA50.
Support: 0.70558, 0.7070, 0.7000
Resistance: 0.7120, 0.7150, 0.7188
What it said to watch
An H4 close back above 0.7120 would invalidate the downside break
US CPI (Jun 10) is the next major USD catalyst and could reset this read
Failure to hold 0.7056 opens the 0.7000 psych level
13:02 UTC
Downtrend cooling into consolidation · RSI 44 · price 0.71404
Lower highs, basing above 0.7105.
AUDUSD has carved lower highs since the early-window 0.7271 peak, with the soft Q1 GDP miss keeping the Aussie heavy and the slide stalling on the 0.7105/0.7120 base. Price now coils in a tight 0.7105–0.7180 range below both EMAs as ATR compresses, a posture that typically precedes a directional resolution. The pivot at 0.7120 has held repeated tests on the downside.
Support: 0.7120, 0.7105, 0.7079
Resistance: 0.7180, 0.7200
What it said to watch
US NFP later Friday is the dominant near-term USD driver and could resolve this range
H4 close below 0.7105 opens the path to 0.7079
Reclaim of 0.7180 invalidates the lower-high consolidation read
09:02 UTC
Downtrend stalling into range · RSI 44 · price 0.71313
Rangebound 0.7110–0.7185 after early-month slide.
AUDUSD has settled into a range between 0.7110 support and 0.7185 resistance after sliding from early-month highs near 0.7259, with price now leaning on the lower edge. The pair is pinned near 0.7120 following the soft Q1 GDP miss, and the recovery toward the 0.7200 round level has faded back into the range. Price trades below both EMA20 and EMA50, keeping the broader bias heavy.
Support: 0.7110, 0.7079
Resistance: 0.7185, 0.7200
What it said to watch
H4 close below 0.7110 confirms a lower low and risks the 0.7079 range low
Close above 0.7185 prior highs neutralises the range-low pressure
US NFP in ~3.5h is the key cross-driver and could materially shift this read
05:02 UTC
Range, drifting lower · RSI 40 · price 0.71228
Rangebound below descending highs.
AUDUSD remains boxed in the 0.7120-0.7150 zone flagged through the week, capped by a series of lower highs from 0.7200 and supported near 0.7105. Price has slipped back to the lower edge of the range with the last bar probing 0.71055 as the soft Q1 GDP miss offsets hawkish RBA rhetoric. Both EMA20 and EMA50 sit above price, consistent with the recent downward drift inside compression.
Support: 0.71055, 0.70792
Resistance: 0.7185, 0.72002
What it said to watch
US May NFP in ~7.5h is the immediate driver and could break this range either way
H4 close below 0.71055 confirms a lower-low toward the 0.7080 floor
Reclaim of 0.7185 needed to challenge the descending highs
AUDUSD has carved a steady run of lower highs from the 0.7259 area in late May, with price now grinding sideways above the 0.7120 base where demand has stepped in repeatedly. The Q1 GDP miss pinned the Aussie near support while a firm Dollar caps rebounds below the EMA cluster; ATR(14) compression points to a coiled range rather than fresh trend extension. Price sits below both the EMA20 and EMA50, keeping the broader bias heavy.
Support: 0.71221, 0.70975, 0.70792
Resistance: 0.71898, 0.72217, 0.72591
What it said to watch
H4 close below 0.71221 confirms a lower-low and opens 0.7097
Sustained move above 0.71898 breaks the lower-high sequence
US NFP ~12:30 UTC today is a cross-driver that could materially shift this read