Higher lows since Thursday's 0.6903 low; tight 0.6977–0.6987 range under 0.6990.
AUDUSD dipped to 0.6932 in Monday's Asia session from the 0.6942 weekly open. It has since printed a string of higher lows as the USD eased with US yields. Tuesday's London session drove the main leg through Monday's 0.6973 high to a 0.6990 week high, extending the Thursday-to-Tuesday rally off 0.6903. NY hours compressed into a 10-pip range, and price now sits on EMA20 with RSI(14) cooled to about 59 from the low 70s.
Support: 0.69775, 0.69613, 0.69424
Resistance: 0.69895, 0.7000
What it said to watch
H1 close above the 0.6990 week high opens the 0.7000 round number, near the 0.6985 cap flagged in the macro digest
Sustained trade below EMA20 and the higher-lows trendline puts the 0.6961 tuesday low in focus; a break there ends the higher-low sequence
Loss of the 0.6942 weekly open would retrace below the 50% level of the Thursday-to-Tuesday rally
FOMC Minutes Wed 18:00 UTC could reprice US yields and materially shift this read
AUD Consumer Inflation Expectations Thu 00:00 UTC are a secondary domestic risk
Higher lows since Monday's Asia low; tight consolidation under 0.6990.
AUDUSD has built higher lows since Monday's Asia low at 0.6932, recovering the week-open gap at 0.6942 with London and NY sessions doing the lifting as the USD eased on lower yields after Friday's soft NFP. Tuesday's NY push printed a week high at 0.6990, inside the 0.6985–0.70 cap flagged in the digest, and price has since compressed in a 0.6974–0.6987 band. The rising trendline and EMA(20) converge near 0.6979 just beneath price, with RSI(14) cooling to the high 50s.
Support: 0.6979, 0.69742, 0.69607
Resistance: 0.69895, 0.7000
What it said to watch
H1 close above the 0.6990 week high exposes the 0.7000 round number
Loss of the rising trendline and the 0.6974 swing low would break the higher-low sequence, putting the fib 50% at 0.6961 in focus
FOMC Minutes Wed 18:00 UTC could materially shift this read via USD and yields
Thu Consumer Inflation Expectations could reprice RBA hike odds and move AUD
21:06 UTC
Uptrend, momentum flattening below the week high · RSI 62 · price 0.69831
Higher lows since Monday's Asia low, compressing under 0.6990.
AUD/USD has rebounded steadily from Thursday's 0.6903 low as the USD eased after Friday's soft NFP. The payrolls spike to 0.6975 faded at first. Since the 0.6942 weekly open, London has driven a run of higher lows along the rising trendline: 0.6932, 0.6950, 0.6961 (tuesday low) and 0.6974 (swing low, near EMA20). Price holds above EMA(20) and EMA(50) at 0.6983 with RSI(14) near 62, cooling from Tuesday's push, while the 0.6990 week high set in early NY hours has capped every late-session test.
Support: 0.69742, 0.69613, 0.69424
Resistance: 0.69895, 0.7000
What it said to watch
H1 close above the 0.6990 week high opens the 0.7000 round number, which lines up with the digest's 0.6985/0.70 cap
Break below the 0.6974 swing low and the higher-low trendline would end the sequence and expose the 0.6961 tuesday low
Deeper retracement toward the 0.6942 weekly open would bring the 50% fib of the Thu-Tue impulse into play
FOMC Minutes Wed 18:00 UTC could materially shift this read via US yields
AiG Industry Index at 22:00 UTC tonight and Thursday's Consumer Inflation Expectations could move RBA hike pricing
Higher-low sequence off the weekly low, consolidating just under the week high.
AUDUSD has printed higher lows since Monday's Asia-session weekly low at 0.6932. The rally broke Monday's 0.6973 high at Tuesday's London open and extended to a 0.6990 week high into the NY open, helped by a softer USD as US yields eased. The NY dip held near EMA(20) around 0.6976, and price is now compressing in the 0.6980s at the 0.6985 cap flagged in the digest, with RSI(14) at 63 and not yet overbought.
Support: 0.6976, 0.6967, 0.6932
Resistance: 0.6990, 0.7000
What it said to watch
H1 close above the 0.6990 week high opens the 0.7000 round number
Loss of the 0.6967 fib 38.2 of the Mon–Tue rally, together with a break of the higher-lows trendline, would end the sequence
A slide back toward the 0.6932 weekly low would revert price to the prior 0.6930–0.6975 range
FOMC Minutes Wed 18:00 UTC could shift the yield-driven USD read
19:03 UTC
Uptrend, pressing week high · RSI 64 · price 0.69861
Higher lows since Thursday's low; Monday high broken and retested.
The higher-lows sequence from Thursday's 0.6903 NY-session low runs through Friday's soft-NFP spike and Monday's Asia dip to 0.6932. The pair is rebuilding on a softer USD and easing yields. Tuesday's London session drove the breakout through the 0.6973 monday high to a 0.6990 week high, and the NY pullback held 0.6974 as a retest, with price now pinned just under the week high and the 0.6985 cap flagged in the digest. RSI(14) sits near 64 without stretching to overbought, and price holds above EMA(20) at roughly 0.6978. The Thursday-Tuesday impulse leaves 0.6957 as the 38.2% retracement.
Support: 0.69775, 0.69733, 0.69424
Resistance: 0.69895, 0.7000
What it said to watch
H1 close above the 0.6990 week high opens the 0.7000 round number
H1 close back below the 0.6973 monday high negates the breakout and retest read
Loss of the ema20 and the higher-lows trendline near 0.6975 shifts structure to consolidation
Retracement toward the weekly open at 0.6942 would erase most of the Thursday-Tuesday impulse
FOMC minutes Wed 18:00 UTC could materially shift USD and this read
18:04 UTC
Uptrend, pressing the week high · RSI 63 · price 0.69846
Higher highs and higher lows since Monday's Asia low.
AUDUSD opened the week at 0.6942 and has built higher lows since Monday's Asia-session dip to 0.6932. London sessions drove each leg as the USD eased off its annual high and yields pulled back. Tuesday's London push cleared Friday's post-NFP spike high near 0.6975 and printed a week high at 0.6990 in the first hour of NY. Price is holding just below that high, above EMA(20) near 0.6975, with RSI(14) around 63 and not yet overbought.
Support: 0.69742, 0.69613, 0.69424
Resistance: 0.69895, 0.7000
What it said to watch
H1 close below the 0.6974 swing low, where EMA(20) and the higher-low trendline converge, would break the sequence of rising lows
Failure to hold the 0.6961 higher low exposes the week rally fib 50% near 0.6961 and then the 0.6942 weekly open
Acceptance above the 0.6990 week high puts the 0.7000 round number in play; repeated rejection there would mark a cap at the top of the week's range
FOMC minutes Wed 18:00 UTC could materially shift this read via USD and US 10y yields
17:04 UTC
Uptrend, testing week high · RSI 59 · price 0.69812
Higher lows since Monday's Asia low at 0.6932; pullback from 0.6990 holding above EMA(20).
Since dipping to 0.6932 in Monday's Asia session, just below the 0.6942 weekly open, AUDUSD has printed higher lows. The NY session drove Monday's rally, and the London open drove Tuesday's leg to a 0.6990 week high as the USD eased with US 10y yields slipping toward 5.25%. The early-NY rejection at the week high found demand at 0.6974, where the session swing low sits on EMA(20), with RSI(14) holding near 59 and the higher-low trendline intact below. The Tuesday low at 0.6961 is the last higher low in the sequence.
Support: 0.6974, 0.6961, 0.6942
Resistance: 0.6990, 0.7000
What it said to watch
H1 close above the 0.6990 week high opens the path to the 0.7000 round number
Break of 0.6974 and EMA(20) exposes the higher-low trendline and the 50% retracement near 0.6961
Failure to hold the 0.6961 Tuesday low breaks the higher-low sequence, with the 0.6942 weekly open below
FOMC minutes Wed 18:00 UTC could materially shift this read via USD and yields
AiG Industry Index 22:00 UTC tonight is minor domestic risk
16:04 UTC
Uptrend, testing week high · RSI 62 · price 0.69829
Higher lows since Monday's Asia dip; Tuesday range broken higher.
The rebound from Thursday's 0.6903 low started with Friday's soft US payrolls spike and has built higher lows since Monday's Asia-session dip under the weekly open at 0.6942. Late in the London session today, price broke out of Tuesday's 0.6961–0.6977 range and printed a week high at 0.6990 near the NY open. Hourly closes have stayed below the 0.6985 cap, and price is holding just above the ema20 with RSI(14) near 62.
Support: 0.6975, 0.69613, 0.69424
Resistance: 0.69895, 0.7000
What it said to watch
H1 close above the 0.6990 week high clears the 0.6985 cap and puts the 0.7000 round number in play
A return below the ema20 near 0.6975 puts price back inside Tuesday's range
Failure to hold the tuesday low at 0.6961 breaks the higher lows sequence; the 50% level of the rebound fib sits near 0.6946, just above the weekly open
FOMC minutes Wed 18:00 UTC and Australian consumer inflation expectations Thu 00:00 UTC could materially shift this read
15:04 UTC
Uptrend, stalling at week high · RSI 58 · price 0.69775
Higher lows since Monday's Asia dip, rejection above 0.6985.
AUDUSD has printed higher lows since the 0.6932 Asia-session dip off the weekly open, with Monday's London-NY advance and today's push both building on the post-NFP USD softness after the 29K payrolls miss. The London-NY transition today lifted price through the 0.6985 cap to a 0.6990 week high, but the bar closed back near 0.6978, leaving a rejection with RSI(14) only near 58. Price holds above EMA(20), and Monday's high at 0.6973 now sits just below as the first support.
Support: 0.69733, 0.69613, 0.69424
Resistance: 0.69895, 0.7000
What it said to watch
H1 close back above the 0.6990 week high reopens the 0.7000 round number
Loss of the 0.6973 monday high puts the 0.6961 higher low and the higher-low line in focus
Break below the 0.6961 higher low ends the higher-low sequence; the 38.2% fib of the Oct 1 low–week high rally sits near 0.6957
Below that, the 0.6942 weekly open comes into view
FOMC Minutes Wed 18:00 UTC could materially shift this read via USD
Consumer Inflation Expectations Thu 00:00 UTC is a risk for RBA hike pricing
14:04 UTC
Uptrend, testing week high · RSI 59 · price 0.69793
Higher lows since Monday, upper wick at week high.
AUDUSD has climbed off Thursday's 0.6903 low, helped by Friday's US payroll miss (29K vs 90K) and a USD pullback on easing yields. Since Monday's Asia dip to 0.6932 it has printed a rising sequence of higher lows, the latest at 0.6961 into the London open. The higher-low trendline caught the next dip, and the London-NY transition then pushed to a 0.69895 week high before an upper-wick rejection just shy of the 0.7000 round number; price still holds above ema20 with RSI(14) near 59, no longer stretched.
Support: 0.6973, 0.69613, 0.69424
Resistance: 0.69895, 0.7000
What it said to watch
H1 close above the 0.69895 week high exposes the 0.7000 round number
Pullbacks holding ema20 near 0.6973 keep the higher-low sequence intact
Break of the trendline and the 0.6961 higher low (50% fib zone) would end the uptrend read, opening the 0.6942 weekly open
Fed's Bowman at 14:45 UTC and FOMC minutes Wed 18:00 UTC could materially shift USD and this read
13:04 UTC
Uptrend, pressing week high · RSI 63 · price 0.69822
Higher highs and higher lows since Monday's low.
The rebound from last Thursday's 0.6903 low, triggered by Friday's soft NFP, has carried into this week. Monday's weekly low at 0.6932 in the Asia session started a sequence of higher lows. Tuesday's London-session push cleared Friday's nfp high at 0.6975 and printed a week high at 0.6986, right at the 0.6985 cap flagged in the AUD digest. Price sits above EMA(20) near 0.6973 and EMA(50) with RSI(14) around 63, and the latest higher low at 0.6961 keeps the rising trendline of higher lows intact.
Support: 0.69752, 0.69613, 0.69319
Resistance: 0.69857, 0.7000
What it said to watch
H1 close above the 0.6986 week high opens the 0.7000 round number
Return below the 0.6975 nfp high would mark the breakout as a false break
Break of the 0.6961 higher low and the higher lows trendline ends the uptrend sequence; the rebound fib 50% sits near 0.6945
Fed's Williams (13:05 UTC) and Bowman (14:45 UTC) today, then FOMC Minutes Wed 18:00 UTC, could materially shift this read via USD
Higher lows since Thursday's 0.6903 low; Friday high cleared.
AUDUSD has built higher lows since Thursday's 0.6903 low, with Friday's NFP miss (29K vs 90K) driving the first impulse and Monday's Asia-session dip holding at the 0.6932 monday low. During London today, price cleared the 0.6975 nfp high to print 0.6984, just under the 0.6985 pivot. Pullbacks since Monday have found the rising EMA(20), and RSI(14) sits near 64 despite firm US yields.
Support: 0.69752, 0.69613, 0.69319
Resistance: 0.6985, 0.7000
What it said to watch
H1 close above the 0.6985 pivot opens the path to the 0.7000 round number
Slip back below the 0.6975 nfp high would mark today's push as a false break
Failure to hold the 0.6961 swing low breaks the higher-lows line
FOMC minutes Wed 18:00 UTC, plus Williams and Bowman remarks today, could materially shift this read
A 38.2% retracement of the Thursday-Tuesday rally sits near 0.6953
Higher lows since Thursday; flat consolidation under the week high.
The rebound from Thursday's 0.6903 low started with Friday's NFP miss and resumed in Monday's NY session from the 0.6932 monday low, which sits on the 61.8% fib of the move. Since then price has compressed in a 0.6961–0.6979 band and is sitting on EMA(20), with RSI(14) flat near 52. Supply has capped Friday, Monday and the Tuesday London open at 0.6975–0.6979, the week high, just below the 0.6985 pivot.
Support: 0.6961, 0.6950, 0.6932
Resistance: 0.6979, 0.6985, 0.7000
What it said to watch
H1 close above the 0.6979 week high and the 0.6985 pivot opens the 0.7000 round number
Break of the higher-low trendline and the 0.6961 tuesday low exposes the 38.2% fib near 0.6950
Loss of the 0.6932 monday low would undo the higher-low sequence
Fed's Williams (13:05 UTC) and Bowman (14:45 UTC) today, then FOMC Minutes Wed 18:00 UTC, could materially shift this read
Higher lows since Monday beneath a flat 0.6973-0.6979 cap.
AUD/USD bottomed at Monday's 0.6932 Asia-session low, right at the 61.8% retracement of the rebound from Thursday's 0.6903 NY-session low. It then printed higher lows through London and NY as risk appetite and the soft US payrolls backdrop offset a firm, yield-driven dollar. Tuesday's London open set a 0.6979 week high, but supply has capped 0.6973-0.6979 on each test since Friday's NFP spike, and price now sits on EMA(20) near 0.6968 with RSI(14) around 57.
Support: 0.6961, 0.6950, 0.6942
Resistance: 0.6979, 0.6987, 0.7000
What it said to watch
H1 close above the 0.6979 week high and the 0.6987 prior high, near the 0.6985 pivot, opens the path to the 0.7000 round number
A break of the rising trendline and Tuesday's 0.6961 asia low would end the higher-low sequence
Loss of 0.6950, the 38.2% fib, exposes the 0.6942 weekly open
US ADP (12:15 UTC) and Fed's Williams (13:05 UTC) and Bowman (14:45 UTC) today, then the FOMC Minutes on Wed at 18:00 UTC, could materially shift this read
Higher lows since Thursday; tight range capped near 0.6979.
Higher lows have formed since Thursday's 0.6903 NY-session trough, with Friday's soft US payrolls sparking the recovery. Monday's London and NY sessions then extended it from 0.6932 back above the weekly open at 0.6942. Tuesday has compressed into a 0.6961–0.6979 range above EMA(20), where the London open push to the 0.6979 tuesday high stalled near Friday's post-NFP 0.6975 high and RSI(14) near 58 is mid-range; the tuesday low at 0.6961 lines up with the 38.2% of the week rally fib, and the mon NY low at 0.6950 with the 61.8%.
Support: 0.69613, 0.69495, 0.69424
Resistance: 0.69786, 0.69874, 0.7000
What it said to watch
H1 close above the 0.6979 tuesday high opens the wed high at 0.6987 and the 0.7000 round number
Break of the 0.6961 tuesday low and the higher lows trendline shifts focus to the mon NY low at 0.6950
Loss of the 0.6942 weekly open would unwind Monday's rally and the higher-low sequence
ADP (12:15 UTC), Williams (13:05 UTC) and Bowman (14:45 UTC) on Fed hike odds could move USD during NY hours
FOMC Minutes Wed 18:00 UTC could materially shift this read
08:03 UTC
Uptrend since Thursday low, pressing range top · RSI 59 · price 0.69759
Higher lows from 0.6904; Tuesday Asian range sitting above ema20.
The rebound from Thursday's 0.6903 low accelerated in Friday's NY session on the US payrolls miss. It retraced to the 38.2% fib near 0.6950, and Monday's Asia session dipped below the weekly open at 0.6942 before London and NY rebuilt the higher lows. Tuesday's Asian range of 0.6961–0.6977 has held above the ema20 at 0.6969, with RSI(14) holding the upper half. The latest bar is probing the tue high at 0.6977, just above Friday's 0.6975 spike high, with the 0.6987 prior high from Sep 30 and the 0.7000 round number overhead.
Support: 0.6969, 0.69613, 0.69424
Resistance: 0.69774, 0.69874, 0.7000
What it said to watch
H1 close above the 0.6987 prior high exposes the 0.7000 round number, where the pair failed last week
Break of the tue low at 0.6961 breaks the higher lows line and puts the 0.6950 fib and weekly open at 0.6942 back in play
Sustained trade below the ema20 at 0.6969 would shift the read to range rather than continuation
Fed Williams (13:05 UTC) and Bowman (14:45 UTC) during NY hours, then FOMC Minutes Wed 18:00 UTC, could materially shift this read via the USD leg
AU Consumer Inflation Expectations Thu 00:00 UTC in the Asia session is the next AUD-side catalyst
Higher lows since Thursday; tight consolidation under week high.
AUDUSD has printed higher lows since Thursday's 0.6903 trough. The soft US payrolls print sparked Friday's spike, and Monday's London-to-NY recovery came off the 0.6932 week low. Price has since compressed into a roughly 15-pip band below the 0.6976 week high, a level that roughly matches Friday's NFP peak. It is now sitting on a flattening ema20 near 0.6965, with RSI(14) easing into the mid-50s. The higher-low line and the recovery fib from Thursday's low remain intact, with the Asia low at 0.6961 the first floor beneath price.
Support: 0.6961, 0.6950, 0.6932
Resistance: 0.6965, 0.6976, 0.7000
What it said to watch
Hourly close above the 0.6976 week high opens the path to the 0.7000 psych level
Loss of the 0.6950 pullback low, near the 38.2% recovery fib, breaks the consolidation
A break of the 0.6932 week low would breach the higher-low line and the 61.8% recovery fib
Fed's Williams (13:05 UTC) and Bowman (14:45 UTC) in the NY session, then FOMC Minutes Wed 18:00 UTC, could materially shift this read
AU Consumer Inflation Expectations Thu 00:00 UTC is the next domestic test for the recovery
06:04 UTC
Uptrend from Thursday low, momentum flattening under cap · RSI 57 · price 0.69681
Higher lows since 0.6903 with a flat range cap at 0.6973-0.6976.
The rebound from Thursday's 0.6903 low accelerated on Friday's NFP miss. Monday's Asia dip to the 0.6932 monday low held at the 61.8% fib, and London and NY then lifted the pair back to the range cap. 0.6973-0.6976 has now capped three attempts (Friday NY, Monday NY, Tuesday Asia), while price compresses in a 6-7 pip Asian range just above EMA(20) with RSI(14) holding the high 50s.
Support: 0.6966, 0.6950, 0.6932
Resistance: 0.6976, 0.6987, 0.7000
What it said to watch
H1 close above the 0.6976 range cap opens the Wednesday high at 0.6987, then the 0.7000 psych level
Loss of EMA(20) and the 0.6950 pullback low (38.2% fib) would break the higher-low sequence and expose the 0.6932 monday low
Fed Williams (13:05 UTC) and Bowman (14:45 UTC) during NY hours could shift USD tone around the cap
FOMC Minutes Wed 18:00 UTC is the main event risk for this read
Higher lows 0.6903, 0.6913, 0.6932; tight Asian range under week high.
The rebound from Thursday's 0.6903 low has printed a clean higher-lows sequence. Friday's NFP miss (29K vs 90K) drove a spike to 0.6975, and the Monday low at 0.6932 held before London and NY extended the move back to the highs, despite a firm USD on 10y yields. Tuesday's Asian session has compressed between the 0.6962 asian low and the 0.6976 week high, with price riding just above EMA(20), RSI(14) neutral near 56 and ATR shrinking to about 6 pips.
Support: 0.69625, 0.69495, 0.69319
Resistance: 0.69764, 0.69874, 0.7000
What it said to watch
H1 close above the 0.6976 week high opens Wednesday's 0.6987 prior high and the 0.7000 psych level
Loss of the 0.6962 asian low and EMA(20) exposes the 0.6950 pullback low (38.2% of the rebound)
Failure to hold the 0.6932 monday low, near the 61.8% of the rebound, breaks the higher-lows trendline
Fed's Williams and Bowman today and FOMC minutes Wed 18:00 UTC could materially shift this read
AUD Consumer Inflation Expectations Thu 00:00 UTC are a two-way risk to the range
04:04 UTC
Rebound off Thursday low, stalling at highs · RSI 60 · price 0.69721
Higher lows since Thu; tight range under twin highs.
AUD/USD has climbed off Thursday's 0.6903 low in a string of higher lows. Friday's soft NFP spiked the pair to 0.6975 before NY faded it, and Monday's Asia dip below the 0.6942 weekly open was bought through London and NY. Price is now compressing in a 10-pip band above EMA(20), with the Asia session holding 0.6962. Twin highs at 0.6975–0.6976 (NFP high and today's Asia high) cap the move, RSI(14) is near 60 and the rebound has retraced most of Wednesday's slide from 0.6987.
Support: 0.69625, 0.69495, 0.69424
Resistance: 0.69764, 0.69874, 0.7000
What it said to watch
H1 close above the 0.6976 twin highs opens the Wed high at 0.6987, then the 0.7000 psych level
Break of the higher-lows trendline and the 0.6962 Asia low points back to the Mon NY low at 0.6950, the 38.2% rebound fib
Loss of the 0.6942 weekly open would undo Monday's rebound structure
Fed's Williams (13:05 UTC) and Bowman (14:45 UTC) today, then FOMC Minutes Wed 18:00 UTC, could materially shift this read
Higher lows since Thu, tight range under the Monday high.
AUD has rallied off Thursday's 0.6903 week low. Friday's soft NFP drove a NY-session spike, and Monday's London-to-NY push added higher lows at 0.6932 and 0.6950, despite broad USD strength on 5.3% US 10y yields. Since Monday's NY session price has compressed in a roughly 10-pip band above EMA(20) near 0.6964, with RSI(14) easing to about 61. The Monday high at 0.6973 has capped the Tuesday Asian range, and the 0.6963 Asia low is the floor of that band.
Support: 0.6963, 0.69495, 0.69034
Resistance: 0.69735, 0.69874, 0.7000
What it said to watch
H1 close above the 0.6973 mon high opens the 0.6987 wed spike and the 0.7000 psych level
Loss of the 0.6963 Asia low and EMA(20) shifts the range to a pullback toward the 0.6950 higher low
Break below the 0.6950 higher low and the rising higher-lows trendline negates the Thu–Mon rally structure, with the 0.6903 week low next
ADP 4-week avg (12:15 UTC) plus Williams/Bowman today, and FOMC Minutes Wed 18:00 UTC, could materially shift this read
AiG index Tue 22:00 UTC and Consumer Inflation Expectations Thu 00:00 UTC are the local inputs
02:04 UTC
Recovery uptrend, stalling at range top · RSI 58 · price 0.69666
Higher lows since Thursday, compressing under 0.6975.
AUDUSD has printed higher lows since Thursday's 0.6903 NY-session low. Monday's London leg off 0.6932 extended after the soft US ISM services print once the 0.6950 ny dip low held, and price has stayed above the weekly open and EMA(20) near 0.6963 since. Friday's post-NFP spike and the Monday and Tuesday highs have all stalled at the 0.6973–75 range top, with Asia-session bars compressing to under 10 pips and RSI(14) near 58 showing no divergence.
Support: 0.6963, 0.6950, 0.6942
Resistance: 0.6975, 0.6987, 0.7000
What it said to watch
H1 close above the 0.6975 range top opens the 0.6987 prior high and 0.7000 psych level
Pullback holding the 38.2% of the Monday rally fib (~0.6957) keeps the higher-low sequence intact
Failure below the 0.6950 ny dip low breaks the higher lows and exposes the weekly open at 0.6942
Fed's Williams (13:05 UTC) and Bowman (14:45 UTC) today, then FOMC Minutes Wed 18:00 UTC, could materially shift this read via US yields
AU Consumer Inflation Expectations Oct 8 00:00 UTC could move the pair during the Asia session
AUD has printed higher lows since Thursday's NY-session low at 0.6903. Friday's soft NFP spike and Monday's London-to-NY rally on beats in Australian PMIs lifted price back toward 0.6970, after Monday's Asia dip held near the 61.8% of the rebound fib at the 0.6932 monday low. Price has compressed just above the ema20 since NY hours, with the 0.6975 range top capping both Friday's and Monday's highs and RSI(14) cooling to about 61.
Support: 0.6966, 0.6955, 0.6932
Resistance: 0.6975, 0.6987, 0.7000
What it said to watch
H1 close above the 0.6975 range top opens the 0.6987 wed high and the 0.7000 psych level
Loss of the 0.6955 prior close and the higher lows trendline exposes the 0.6932 monday low
Fed's Williams and Bowman on Tue, then FOMC Minutes Wed 18:00 UTC, could materially shift the USD side of this read
Higher lows since Thursday, equal highs capping near 0.6975.
AUDUSD has printed higher lows since Thursday's 0.6903 NY-session low, which came on resilient US data and record yields. Friday's soft NFP (29K) spiked price to the 0.6975 NFP high before the move faded into NY. Monday's 0.6932 low held near the 61.8% retracement of the NFP rally, London drove the recovery, and demand stepped in again at the 0.6950 NY low; price now sits just above EMA(20) with RSI(14) near 55, capped by equal highs just under the NFP high.
Support: 0.6964, 0.69495, 0.69319
Resistance: 0.69752, 0.69943, 0.7000
What it said to watch
H1 close above the 0.6975 NFP high clears the equal highs and opens the 0.6994 CPI high and 0.7000 psych barrier
Break below the 0.6950 NY low and the higher-lows trendline shifts focus to the 0.6932 Monday low
Sustained H1 closes below EMA(20) near 0.6964 would mark the Monday advance stalling
Fed's Williams (13:05 UTC) and Bowman (14:45 UTC) today, then FOMC Minutes Wed 18:00 UTC, could materially shift this read via USD yields