AUD/USD AI Live Scan, 1-hour chart, Thursday, 5 November 2026
Every read JAFX AI made on the AUD/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:03 UTC
Downtrend, impulsive leg stretched into oversold · RSI 28 · price 0.69297
Four-day 0.6954–0.7034 range broken lower; fresh week low at 0.6924.
AUDUSD rotated inside 0.6954–0.7034 from Monday through Thursday's London session. It was then rejected at 0.7024, and the Thursday sell-off took out the 0.7000 round number and Wednesday's 0.6954 prior low into the NY session. The USD recovered on the 189K claims beat and hawkish Fed remarks, and the slide extended to a 0.6924 week low. Price now sits roughly 37 pips under ema20 with RSI(14) near 27, its deepest oversold reading of the week, while ATR(14) has expanded to about 12 pips.
Support: 0.69237, 0.6900
Resistance: 0.69536, 0.69669, 0.7000
What it said to watch
H1 close back above the 0.6954 prior low would mark Thursday's move as a false break and put price back inside the old range
38.2% of the Thursday sell-off near 0.6962 sits just under ema20 at 0.6967, an area to watch for rejection or break on any rebound
Failure to hold the 0.6924 week low exposes the 0.6900 big figure
Reclaiming the 0.7000 round number would erase most of the Thursday sell-off
Fed's Williams at 09:30 UTC and US NFP at 13:30 UTC Friday (f/c 65K) could materially shift this read
Week's 0.6954–0.7034 range broken lower; hourly lower highs since.
AUDUSD ranged between Wednesday's 0.6954 prior low and Monday's 0.7034 high for most of the week. The NY session on Thursday then drove a 100-pip slide from the London high at 0.7024 to a new week low at 0.6924, as the USD clawed back its post-midterm losses on strong claims and productivity data and hawkish Fed speakers. Each hourly bar since has printed a lower high, with price under both EMA(20) and EMA(50) and RSI(14) near 23, deep in oversold territory.
Support: 0.69237, 0.6900
Resistance: 0.69536, 0.69739, 0.7000
What it said to watch
H1 close back above 0.6954 prior low would flag the range break as a false break
Failure to hold 0.6924 week low extends the lower-high sequence toward the 0.6900 round number
A recovery through the fib 50% at 0.6974 would retrace half of Thursday's decline and test the 0.7000 psych level
Fed's Williams (Fri 09:30 UTC) and US NFP (Fri 13:30 UTC, f/c 65K) could materially shift this read
Break above the lower highs trendline would end the hourly sequence of lower highs
21:03 UTC
Downtrend, oversold after Thursday's NY sell-off · RSI 19 · price 0.69309
Lower high under Monday's 0.7034 week high; Wednesday's low broken, fresh week low.
Thursday's NY session erased Wednesday's post-election rebound. AUD/USD slid about 90 pips from the 0.7024 London-open high as USD clawed back on the 189K jobless claims print and hawkish Fed commentary. The drop cut through the 0.7000 psych level and Wednesday's 0.6954 low (wed low), extending the lower-high sequence from Monday's 0.7034 week high and leaving price pinned at the week low near 0.6931, well under EMA(20) at ~0.6975. RSI(14) near 19 is deeply oversold after the move, with only marginal pauses through the NY afternoon.
Support: 0.6931, 0.6900
Resistance: 0.6954, 0.6975, 0.7000
What it said to watch
An H1 close back above the 0.6954 wed low would turn the range break into a false break
Failure to hold the 0.6931 week low exposes the 0.6900 round number
A rebound into EMA(20) near 0.6975, close to the 50% retracement of the Thursday sell-off (~0.6977), is the first test of the lower-high structure
A close above the lower-high trendline from Monday's high, near 0.7022, negates the downtrend read; the 0.7000 psych level sits ahead of it
Fri 13:30 UTC NFP (f/c 65K), unemployment and AHE could materially shift this read; Fed's Williams speaks at 09:30 UTC
20:03 UTC
Sharp downtrend, oversold after the NY breakdown · RSI 27 · price 0.69445
0.6954–0.7024 range broken lower, new week low at 0.6936.
Wednesday's election-driven rebound from the 0.6954 prior low stalled near 0.7022–0.7024. That high was retested in Thursday's London session, leaving a double top. Into the NY session the USD clawed back on the 189K jobless claims, the productivity beat and hawkish Fed commentary, and AUDUSD sliced through the 0.7000 psych level and the 0.6954 prior low to a 0.6936 week low. Price now sits about 37 pips under the ema20 near 0.6981, with RSI(14) at 27 in oversold territory and ATR expanding to roughly 12 pips.
Support: 0.69362, 0.6900
Resistance: 0.69536, 0.6981, 0.7000
What it said to watch
An H1 close back above the 0.6954 prior low would mark the breakdown as a false break and return price to the old range
Failure to hold the 0.6936 week low exposes the 0.6900 round number
The 50% retracement of Thursday's drop near 0.6980 sits with the ema20, an area to watch for rejection or break on any rebound
US NFP Fri 13:30 UTC (f/c 65K) and Fed's Williams at 09:30 UTC could materially shift this read; a 0.7000 psych reclaim would neutralise the double top
0.6954–0.7024 range broken lower; fresh week low below Wednesday low.
The post-midterm rebound from Wednesday's 0.6954 low capped at 0.7024 in Thursday's London morning. During NY hours the USD clawed back its losses on firm claims (189K) and productivity (3.6%), and the pair dropped about 80 pips through the Wednesday low to a 0.6941 session low. Price now sits well below EMA(20) near 0.6985 with RSI(14) in the mid-20s. The week's lower highs from Monday's 0.7034 open remain intact, and the 0.6954 breakdown level sits directly overhead.
Support: 0.69406, 0.6900
Resistance: 0.6954, 0.6985, 0.7000
What it said to watch
H1 close back above 0.6954 (wed low) would turn the range break into a false break
Recovery through EMA(20) near 0.6985 and the 0.7000 round number would neutralise Thursday's sell-off
Acceptance below the 0.6941 session low leaves the 0.6900 psych level as the next reference
US NFP Fri 13:30 UTC (f/c 65K, AHE 0.3%) could materially shift this read; Fed's Williams at 09:30 UTC first
0.6954–0.7034 weekly range broken lower; lower high at 0.7024.
Wednesday's post-election rebound from 0.6954 stalled under 0.7022. Thursday's high at 0.7024 printed below Monday's 0.7034, extending the lower highs. From the first hour of the NY session, a roughly 76-pip slide followed as USD recovered on the 189K jobless claims and hawkish Fed speakers, and it took out the prior low at 0.6954 to set a new week low at 0.6948. RSI(14) is near 23, deep in oversold territory, and price sits about 40 pips under the H1 ema20 near 0.6990, so the bounce off Wednesday's low is now fully erased.
Support: 0.69477, 0.6900
Resistance: 0.69536, 0.6990, 0.70241
What it said to watch
H1 close back above the 0.6954 prior low would turn the range break into a false break
Rebound stalling at the ema20 near 0.6990 (close to the 50% fib of the Thursday sell-off) keeps the lower highs intact
Acceptance below the 0.6948 week low leaves the 0.6900 round number as the next reference
US NFP Fri 13:30 UTC (f/c 65K) and Williams at 09:30 UTC could materially shift this read
Reclaim of the Thu high at 0.7024 would break the lower highs sequence
AUDUSD gave back all of Wednesday's post-election rally from 0.6954 to 0.7022 in one NY session today. Strong US claims and productivity data revived USD demand and broke the 0.7000–0.7024 range that had held since Wednesday's London session. Wicks have printed a new week low at 0.6948, but H1 closes are holding just above the 0.6954 Wed low, with RSI(14) near 30 and price well below EMA(20) at 0.6995. Overhead, the 0.6975 breakdown point and the 61.8% retracement at EMA(20) line up as resistance, and the lower-highs line from Monday's 0.7034 through Thursday's 0.7024 high stays intact.
Support: 0.6954, 0.6948
Resistance: 0.6975, 0.6995, 0.7024
What it said to watch
H1 close below the 0.6948 week low confirms a fresh lower low beyond the week's range
Recovery back above the 0.6975 breakdown point would mark the dip under 0.6954 as a false break
Reclaim of EMA(20) / 61.8% retracement near 0.6995 would neutralise today's range break
Fed's Williams Fri 09:30 UTC and US NFP Fri 13:30 UTC (f/c 65K) could materially shift this read
Wednesday rally fully retraced; week low under test.
Wednesday's election-driven rally from 0.6954 to 0.7024 was erased in today's NY session. The USD rebounded on 189K jobless claims and hawkish Fed talk, knocking price through the 0.7000 round number and Tuesday's 0.6961 broken low to a fresh 0.6951 week low. Price sits below both EMAs with RSI(14) near 26, and the Thursday sell-off fib marks 0.6979–0.6996 as the first retracement band beneath 0.7000.
Support: 0.69508, 0.6900
Resistance: 0.69614, 0.7000, 0.70241
What it said to watch
H1 close back above the 0.6961 broken low would mark the dip under Wednesday's low as a false break
Acceptance below the 0.6951 week low confirms a lower-low, with the 0.6900 psych level the next round number beneath
Recovery through the 61.8% fib (~0.6996) and the 0.7000 round number reopens the 0.7024 Thursday high
US NFP Fri 13:30 UTC (f/c 65K), with Fed's Williams at 09:30 UTC, could materially shift this read
0.7000–0.7024 range broken lower; rising rally trendline lost.
Wednesday's Asia-to-London rally off the 0.6954 week low stalled into a 0.7000–0.7024 range that held through Thursday's London session, where a marginal push above the range top was rejected. The range floor gave way in the NY session after firm US claims and productivity data revived the USD. That move took price below EMA(20) and EMA(50), through the rally trendline and back to the 61.8% rally fib near 0.6981, with RSI(14) slipping into the high 30s.
Support: 0.69756, 0.69614, 0.69536
Resistance: 0.7000, 0.70241, 0.7034
What it said to watch
An H1 close back above the 0.7000 range floor would mark the break as a false break and restore the range read
Failure to hold the 0.6976 ny low exposes the 0.6961 post-rba low and the 0.6954 week low
A move through the 0.6954 week low would confirm a lower-low and erase Wednesday's rebound
Range top 0.7024 and Monday's 0.7034 week high cap the upside; a reclaim would put the rally trendline break in question
US NFP Fri 13:30 GMT (f/c 65K) plus AHE and unemployment could materially shift this read
V-shaped rebound from 0.6954 into a 0.6997–0.7024 range.
The 0.6954 week low printed in Wednesday's Asia session, after the dovish RBA hike and post-midterm USD slide set up a roughly 70-pip recovery through London into the low 0.7020s. Since then AUDUSD has held a tight 0.6997–0.7024 consolidation. Today's dip into the London-NY transition, as USD firmed on the 189K claims print, found the range low at the 38.2% retrace of the rebound. Price now sits below EMA(20) at 0.7009 and marginally above EMA(50), with RSI(14) slipping into the low 40s.
Support: 0.6997, 0.6954
Resistance: 0.7009, 0.7024, 0.7036
What it said to watch
H1 close below the 0.6997 range low and 0.7000 psych opens a retest of the 0.6954 week low
Close above the 0.7024 range top puts the 0.7036 prior high from Friday/Monday back in play
Failure to reclaim ema20 at 0.7009 keeps price pinned to the lower half of the range
US NFP Fri 13:30 UTC (f/c 65K) could materially shift this read
Post-impulse range 0.6997–0.7024 under lower highs.
The post-RBA slide bottomed at the 0.6954 week low in Wednesday's Asian session. A USD-led impulse on the post-midterm yield drop then carried the pair to 0.7022 by London open, and price has held a 0.6997–0.7024 consolidation for roughly 30 bars since. Today's London push to the range top faded as the USD recovered in European trade, keeping the lower highs from Monday's high intact. The 12:00 GMT bar dropped back to the range low, which lines up with the 38.2% of the impulse fib. Price now sits below the ema20 at 0.7011 and on a flat EMA(50) near 0.7000, with RSI(14) at 47 and well off Wednesday's highs.
Support: 0.6997, 0.6989, 0.6954
Resistance: 0.7011, 0.7024, 0.7034
What it said to watch
H1 close below the 0.6997 range low breaks the consolidation floor and exposes the 50% fib at 0.6989
Failure to hold the 50% fib opens a return toward the 0.6954 week low
A reclaim of the ema20 at 0.7011 and a close above the 0.7024 range top would break the lower highs and bring the 0.7034 monday high into view
US jobless claims (13:30 GMT) and Fed's Hammack (13:50 GMT) today, then Friday's NFP, could materially shift this read
12:03 UTC
Recovered from week low, now consolidating · RSI 57 · price 0.70145
V-shaped rebound into a tight 0.7000–0.7024 range.
Selling on Monday and Tuesday, extended by the dovish RBA hike in Tuesday's Asia session, took AUDUSD to a week low of 0.6954. The post-midterm USD slide then drove a V-shaped rally through Wednesday's Asia session and London open, reclaiming the 0.7000 psych level. Since then price has compressed between 0.7000 and the 0.7024 range top, which has capped repeated tests. Price is holding just above EMA(20), RSI(14) is cycling in the 50s, and today low 0.7007 marks the floor of the current session range.
Support: 0.7007, 0.7000, 0.6954
Resistance: 0.7024, 0.7034
What it said to watch
H1 close above the 0.7024 range top opens a test of the 0.7034 monday high and last week's 0.7032 close
Loss of the 0.7000 psych level puts the 38.2% retracement of the Wednesday rally near 0.6997 in play; deeper failure exposes the 0.6954 week low
US Initial Jobless Claims and Unit Labor Costs at 13:30 GMT today, plus Fed's Hammack at 13:50 GMT, could break the range
Friday's NFP (f/c 65K) is the main catalyst for a range break in either direction
Post-impulse range 0.6999–0.7024 above rising EMA20/EMA50.
Monday–Tuesday's slide through the dovish RBA hike bottomed at the 0.6954 week low in Wednesday's Asia session. A USD sell-off after the Democratic midterm sweep then drove a ~70-pip impulse back through 0.7000 into London. Since then H1 has compressed into a 0.6999–0.7024 range, with price holding just above the ema20 near 0.7010 and RSI(14) cycling around 55. The range low sits on the 38.2% level of the Wednesday rally fib and was retested late Wednesday NY, while the week high at 0.7034 caps above the range top.
Support: 0.7010, 0.6999, 0.6954
Resistance: 0.7024, 0.7034
What it said to watch
H1 close below the 0.6999 range low would break the 0.7000 handle and expose the 50–61.8% Wednesday rally fib zone (0.6989–0.6981), with the 0.6954 week low beyond
H1 close above the 0.7024 range top opens a retest of Monday's 0.7034 week high
Repeated H1 closes below the ema20 at 0.7010 would mark fading momentum inside the range
US jobless claims and Fed's Hammack at 13:30/13:50 GMT today, and Friday's 13:30 GMT NFP, could materially shift this read
10:03 UTC
Rebound from week low, now flat above 0.7000 · RSI 53 · price 0.70112
V-shaped recovery into a tight 0.7000–0.7024 consolidation.
AUDUSD sold off from Monday's 0.7034 week high, and Tuesday's dovish RBA hike extended the slide to a 0.6954 week low in Wednesday's Asia session. The USD slide after the Democratic sweep then drove a 70-pip rebound through London that reclaimed 0.7000. Since then the pair has held a 0.7000–0.7024 consolidation. The range top has produced rejections Wednesday and again in today's London session, while the range floor held near the 38.2% rebound fib at 0.6997. EMA20 has flattened at 0.7010 with price sitting on it and RSI(14) neutral near 53, so rebound momentum has stalled.
Support: 0.7010, 0.7000, 0.69536
Resistance: 0.70241, 0.7034
What it said to watch
H1 close below the 0.7000 range floor and 38.2% rebound fib reopens the 0.6954 week low
H1 close above the 0.7024 range top exposes Monday's 0.7034 week high
BoE at 12:00 GMT and US jobless claims at 13:30 GMT today can move the USD leg
Friday's US NFP (f/c 65K) at 13:30 GMT could materially shift this read
09:03 UTC
Rebound from week low, now basing above 0.7000 · RSI 57 · price 0.70175
Mon–Tue lower highs broken Wed; tight range 0.6999–0.7024 since.
Monday–Tuesday was a sequence of lower highs from the 0.7034 week high, with Tuesday's dovish RBA hike extending the slide toward 0.6961. The dominant move came in Wednesday's Asia session, when a rally off the 0.6954 week low broke the downtrend line and reclaimed the round number at 0.7000 by London as the Democratic sweep and softer yields hit the USD. Since then price has compressed between 0.6999 and the 0.7024 range top, just under the 0.7026 weekly open. EMA(20) near 0.7013 is flat and acting as the range pivot, while RSI(14) holds in the mid-50s.
Support: 0.7013, 0.7000, 0.6954
Resistance: 0.7024, 0.7034
What it said to watch
H1 close above the 0.7024 range top and weekly open puts the 0.7034 week high in play
Failure to hold the 0.7000 round number, near the 38.2% retrace of Wednesday's rally, would undo the reclaim and reopen the week low at 0.6954
Repeated H1 closes below the ema20 at 0.7013 would mark fading momentum inside the range
US Initial Jobless Claims and Hammack from 13:30 UTC today could test the range; Friday's NFP is the larger catalyst
08:03 UTC
Recovery from week low, stalling below week open · RSI 56 · price 0.70148
V-shaped rebound from 0.6954, then a 0.7000–0.7024 consolidation.
The RBA's dovish hike drove the Tuesday Asia leg lower. A triple bottom at 0.6961–0.6954 (week low) then gave way to a Wednesday Asia-into-London breakout on the post-midterm USD slide, reclaiming the 0.7000 round number. For the past day price has held a tight 0.7000–0.7024 box on a series of higher lows, with ema20 flattening near 0.7012 and RSI(14) easing to the mid-50s. Today's London-open push to 0.7024 faded just under the week open and the 78.6% retracement of the week decline fib, leaving supply capping that band.
Support: 0.7012, 0.7000, 0.6954
Resistance: 0.7025, 0.7034
What it said to watch
H1 close above the 0.7025 week open and 0.7034 week high would extend the rebound beyond the week decline fib
Loss of the 0.7000 round number and the higher lows line would reopen the 0.6994 50% retracement and then the 0.6954 week low
Repeated closes below ema20 at 0.7012 would signal the consolidation is rolling over
US Initial Jobless Claims and Fed's Hammack today from 13:30 GMT could break the range
US NFP (f/c 65K) and AHE on Fri at 13:30 GMT, with Fed's Williams at 09:30, are the main risk to this read
Tight 0.6999–0.7022 range after a sharp impulse off the 0.6954 low.
The post-RBA slide from the 0.7034 week high bottomed at the 0.6954 week low. From there a 68-pip impulse ran from late Tuesday's NY session into Wednesday's Asia session as the Democratic midterm sweep and falling US yields hit the USD. Since then the pair has held a shallow range: five tests of the 0.7022 range top have been capped, while dips have held the 0.7000 psych level and the ema20 near 0.7013. Price sits at the range top with RSI(14) near 58 and the retracement holding above the 23.6% fib.
Support: 0.7013, 0.7000, 0.6954
Resistance: 0.7022, 0.7026, 0.7034
What it said to watch
H1 close above the 0.7022 range top opens the weekly open at 0.7026 and the 0.7034 week high
Failure to hold 0.7000 psych and the range floor puts the 38.2% fib near 0.6996, then the 0.6954 week low, back in play
Repeated rejection at 0.7022 with RSI(14) failing above 60 would point to range continuation rather than extension
US Jobless Claims at 13:30 UTC and Fed's Hammack at 13:50 UTC, then Friday's NFP (f/c 65K), could materially shift this read
Mon–Tue lower lows, false break at week low, then 0.7000–0.7021 range.
AUDUSD slid from the 0.7034 week high through Monday and Tuesday. The dovish RBA hike pushed it to 0.6961, then a false break to the 0.6954 week low in Wednesday's Asian session reversed into a 68-pip rally into London as the Democratic midterm sweep hit the USD. Since then price has held a tight 0.7000–0.7021 range, with the range top capping three tests and the rollover dip holding the 0.7000 psych level. Price sits just above EMA(20) near 0.7007 and RSI(14) has flattened around 51.
Support: 0.7007, 0.7000, 0.6954
Resistance: 0.7021, 0.7026, 0.7034
What it said to watch
H1 close above the 0.7021 range top exposes the 0.7026 weekly open and 0.7034 week high
Failure to hold 0.7000 psych opens the 38.2–50% retrace of the Wednesday rally (0.6996–0.6988), then the 0.6961/0.6954 week low zone
Losing the ema20 at 0.7007 on a closing basis would mark the range drifting toward its floor
US Jobless Claims and Fed's Hammack Thu 13:30–13:50 UTC, then NFP Fri 13:30 UTC (f/c 65K), could materially shift this read
Consolidation 0.7000–0.7022 after Wednesday impulse.
Wednesday's Asia-to-London rally off the 0.6954 week low, on the post-midterm USD slide, reclaimed 0.7000 and stalled at the 0.7022 cap, a 68-pip move that retraced only about a third. Price has since held a 0.7000–0.7022 consolidation, with the 0.7000 psych level retested at Thursday's open before the A$2.8bn trade surplus beat lifted the Asian session back toward the cap. Price sits just above a flattening EMA(20) near 0.7011, RSI(14) has eased to the mid-50s, and the weekly open at 0.7026 sits just overhead.
Support: 0.7011, 0.7000, 0.69536
Resistance: 0.70216, 0.70256, 0.7034
What it said to watch
H1 close above the 0.7022 cap and the 0.7026 weekly open exposes Monday's 0.7034 week high
Repeated closes below the ema20 at 0.7011 put the 0.7000 psych level back in play
Failure to hold 0.7000 psych opens the 50% fib of Wednesday's rally near 0.6988, then the 0.6954 week low
US Initial Jobless Claims and Fed's Hammack at 13:30–13:50 UTC today could shift the range read
Friday's NFP at 13:30 UTC (f/c 65K) is the main risk to this consolidation
04:02 UTC
Recovery from week low, now ranging near 0.7000 · RSI 55 · price 0.7016
V-reversal off week low into 0.6999–0.7022 range; higher low intact.
Monday and Tuesday printed a run of lower highs from the 0.7034 week high to a 0.6954 week low in early Wednesday Asia, after the dovish read of the RBA hike. The USD selloff on the Democratic sweep then drove a London-session rebound back through 0.7000. Price has since held a 0.6999–0.7022 range above EMA(20), and the trade-surplus beat lifted it off a higher low in Thursday's Asian session. RSI(14) near 55 is mid-cycle, and the range top just under the weekly open has capped two attempts.
Support: 0.7011, 0.6999, 0.6954
Resistance: 0.7022, 0.7026, 0.7034
What it said to watch
H1 close above the 0.7022 range top and 0.7026 weekly open opens the path to the 0.7034 week high
Failure to hold the 0.6999 higher low breaks the higher-low line and exposes the 38.2% rebound fib near 0.6996
Repeated H1 closes back below EMA(20) at 0.7011 would turn the range into a lower-high sequence
US Initial Jobless Claims and Fed's Hammack Thu 13:30–13:50 UTC could shift the read
US NFP Fri 13:30 UTC (f/c 65K) is the main risk to the post-midterm USD move; the 0.6954 week low is the reference on a strong print
The slide from Monday's 0.7034 week high, extended by Tuesday's dovish RBA hike, bottomed at the 0.6954 week low in Wednesday's Asia session. Post-midterm USD selling then drove a near 70-pip rebound through London to the 0.7022 rebound high, and price has since held a 0.7000–0.7022 consolidation above the ema20 and the round number. Thursday's Asian bid on the trade-surplus beat is retesting the rebound high, with RSI(14) near 63 and higher lows intact since Wednesday.
Support: 0.7006, 0.7000, 0.6954
Resistance: 0.7022, 0.7026, 0.7034
What it said to watch
H1 close above the 0.7022 rebound high opens the weekly open at 0.7026 and the 0.7034 week high
Break of the higher-lows trendline and the 0.7000 round number puts the 38.2% rebound fib near 0.6996 in play, then the 0.6954 week low
Holding above the ema20 near 0.7006 on pullbacks keeps the rebound structure intact
US jobless claims at 13:30 UTC and Fed's Hammack at 13:50 UTC, then Friday NFP, could materially shift this read
V-recovery from 0.6954, then a 0.7000–0.7022 range.
Monday's slide from the 0.7034 week high carried through the dovish RBA hike to a 0.6954 week low in Wednesday's Asia session. The post-midterm USD sell-off then drove a 68-pip V-shaped rebound into London, and price has since held a 0.7000–0.7022 range, with the overnight dip to 0.6999 a retest of the round number that held near the 38.2% fib. The Asian trade-surplus beat lifted price back above EMA20 at 0.7005, while the range top has capped two attempts and RSI(14) has cooled to the high 50s.
Support: 0.7005, 0.7000, 0.6954
Resistance: 0.7022, 0.7026, 0.7034
What it said to watch
H1 close above the 0.7022 range top opens the weekly open at 0.7026 and the 0.7034 week high
Failure to hold the 0.7000 round number and a break of the rebound support line reopens the 0.6954 week low
US Jobless Claims and Unit Labor Costs at 13:30 UTC today, then Friday's NFP (f/c 65K), could materially shift this read
Sustained trade below EMA20 would turn the range into a deeper pullback of the Wednesday rebound
01:03 UTC
Rebound from week low, stalling below week open · RSI 56 · price 0.70144
V-recovery into a 0.7000–0.7022 range; lower high vs Monday.
After grinding lower from the 0.70256 week open through Monday and the post-RBA Asia session, AUDUSD carved a week low at 0.69536 early Wednesday. The Democratic midterm sweep then knocked the dollar lower and drove a 68-pip rally into London that capped at the 0.70216 Wed high, a lower high against Monday's 0.7034 week high. Since then price has held a 0.7000–0.7022 range, with three dips finding the 0.7000 psych area and the ema20 near 0.7004. The 00:00 UTC bar around the Trade Balance release lifted price back to 0.7015, with RSI(14) near 56.
Support: 0.7004, 0.6999, 0.69536
Resistance: 0.70216, 0.70256, 0.7034
What it said to watch
H1 close above the 0.70216 Wed high and 0.70256 week open breaks the lower-high sequence from the week high
Failure to hold 0.7000 psych exposes the 38.2% fib near 0.6996 and then the 0.69536 week low
Trade Balance actual (f/c 1200M) not yet in feed; a miss vs the 495M prior could undo the latest bounce
Thu jobless claims and Fri NFP (f/c 65K) could materially shift the USD leg of this read
V-recovery off 0.6954, then lower highs above 0.7000.
AUDUSD slid from the 0.7026 week open after Tuesday's dovish RBA hike and printed a 0.6954 week low early Wednesday. It then reclaimed 0.7000 as the US blue sweep knocked the dollar lower, and the post-election rally ran from Asia into London to a 0.7022 wed high. Since then the pair has printed lower highs while holding the 0.7000 psych area, with price sitting on EMA(20) near the 23.6% retracement and RSI(14) easing into the high 50s.
Support: 0.7000, 0.69956, 0.69536
Resistance: 0.70216, 0.70256, 0.7034
What it said to watch
H1 close below 0.7000 psych and the 38.2% fib at 0.6996 would turn the retest into a failed break and expose the 0.6954 week low
Clearance of the lower highs line and 0.7022 wed high reopens the 0.7026 week open and the 0.7034 week high
Australia Trade Balance at 00:30 UTC (f/c 1200M) could materially shift this read in the next bars
US jobless claims Thu 13:30 UTC and NFP Fri 13:30 UTC remain the dollar-side catalysts for the rally's durability