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
Recovering, base above EMA50 · RSI 61 · price 0.70551
Higher lows off June base.
AUDUSD has carved a rounded base since the June low near 0.6865, and the last two weeks have cleared the 50-day EMA (~0.7000) for the first time since mid-June, printing seven-week highs at 0.7060. The lift is USD-led — soft US data including the weak ADP print kept the dollar offered while constructive Australian prints did little on their own. Price now sits mid-way in the April-June decline, with the 0.7075 prior cap the first overhead test.
Support: 0.7000, 0.6955, 0.6865
Resistance: 0.7075, 0.7120
What it said to watch
- Friday US NFP is the dominant near-term driver via the USD leg
- Daily close above 0.7075 opens the path to the 0.7120 channel top
- Failure to hold 0.7000 (50-day EMA) questions the base and reopens 0.6955
- RBA decision 11 Aug — priced hold limits upside unless statement tilts hawkish
21:04 UTC
Recovery uptrend, momentum firm · RSI 61 · price 0.70551
Higher highs and lows since June low.
AUDUSD has rebuilt from the mid-June low near 0.6875, printing a chain of higher lows over the last six weeks and reclaiming the 50-day EMA around 0.7000 for the first time since June — a seven-week high driven largely by broad USD softness after weak US data. Price is now pressing the 0.7075 cap having recovered roughly half of the April-June decline. The read is a base rather than a downtrend while the 0.7000 shelf holds.
Support: 0.7000, 0.68749
Resistance: 0.7075, 0.7120
What it said to watch
- Daily close below 0.7000 (50-day ema) flips the near-term structure back down
- Friday US NFP is the dominant driver via the USD leg and could reshape this read
- Sustained close above 0.7075 (uob cap) opens the path toward the 0.7120 channel top