Downtrend since the early-May peak at 0.72772, with price holding below a falling EMon(50) through a clean lower-high/lower-low chain into June. The last several weeks have compressed into a 0.6865-0.6980 range; the weak US NFP print (57K vs ~110K) spiked AUD toward 0.6950 before it faded back to the 200-DMA near 0.6935. Recent closes off the 0.68649 swing low have lifted RSI off its base but structure stays corrective.
Support: 0.68649, 0.6835, 0.6707
Resistance: 0.6980
What it said to watch
Daily close above 0.6980 range top would break the corrective downtrend read
Break below 0.6835 pivot exposes the 0.6707 1-3m target
ISM Services (Mon) and FOMC minutes (Wed) could shift the USD-driven read
21:04 UTC
Downtrend, stalling at lows · RSI 44 · price 0.69347
Lower highs since May, basing near 0.6865.
AUDUSD has trended lower since the early-May peak near 0.7280, carving a chain of lower highs and shedding roughly 4% on the month with price trading below both EMA(20) and EMA(50). The pair based around the 0.6865 200-DMA over the past two weeks and is now consolidating in a 0.6865-0.6950 band; the soft US NFP print (57K vs ~110K) lifted it toward 0.6950 before it faded back to close just above the 200-DMA. Momentum has flattened but RSI in the low-40s shows no bottoming impulse yet.
Support: 0.6865, 0.6835
Resistance: 0.6950, 0.7000
What it said to watch
Daily close below 0.6835 pivot exposes the 1-3 month target near 0.6707
Daily close above 0.6950 range top opens room toward 0.7000 psych
US ISM Services (Mon) and FOMC minutes (Wed) could shift the USD-driven read