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
Downtrend, basing near lows · RSI 48 · price 0.69533
Lower highs off May peak, consolidating above June base.
Multi-week decline from the early-May peak near 0.7277 bottomed around 0.6875 in mid-June, and price has since ground into a tight consolidation between roughly 0.6875 and 0.6980. The soft US NFP print lifted AUD off its three-month lows, but a cooling Aussie inflation gauge has capped the recovery, leaving price below both EMA(50) and EMA(20) with RSI mid-range. The tape reads as a base within the broader downtrend rather than a confirmed turn.
Support: 0.6900, 0.6875, 0.6830
Resistance: 0.6980, 0.7013, 0.7070
What it said to watch
- D1 close above 0.6980 range top opens the path toward 0.7013 then 0.7070
- Loss of the 0.6875 june low exposes 0.6830 swing low
- FOMC minutes Wed 18:00 UTC could materially shift the USD-driven read
21:04 UTC
Downtrend from May, basing near lows · RSI 49 · price 0.69533
Lower highs off 0.7277, consolidating 0.6870-0.6960.
AUDUSD carved a multi-week downtrend from the early-May peak at 0.7277, bottoming twice near 0.6877 in mid-June and now recovering into 0.6953, still below a falling EMA50. The soft US NFP print trimmed Fed hike bets and lifted the Aussie off three-month lows, but cooling domestic inflation caps the upside and keeps price pinned under the 0.6980 range top. Last week's base around 0.6870-0.6900 has held, leaving a two-sided consolidation into midweek risk.
Support: 0.6900, 0.6870
Resistance: 0.6980
What it said to watch
- Daily close above 0.6980 range top invalidates the range read
- Break below 0.6900 range low opens the 200-dma cluster 0.6870/0.6830
- FOMC minutes Wed 18:00 UTC could materially shift USD flow and this read