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.
21:03 UTC
Uptrend rolling over · RSI 38 · price 0.70503
Broke below multi-week range, testing lows.
The rally that ran from the late-February 0.6833 low to a late-April peak near 0.7277 has rounded over, and price has now broken back below the May consolidation. Friday's 172K NFP beat drove one of the year's largest single-day drops, slicing through 0.7080 and parking price at 8-week lows around 0.7050, below both EMA20 and EMA50. The swing structure has shifted to lower highs with the 0.7000 floor now in focus.
Support: 0.70195, 0.7000
Resistance: 0.7080, 0.7105, 0.7130
What it said to watch
- US CPI Wed is the primary near-term driver and could materially shift this read
- Loss of 0.7020/0.7000 confirms continuation of the breakdown
- Daily close back above 0.7080 then 0.7105 would neutralise the breakdown
21:03 UTC
Uptrend reversing, breakdown underway · RSI 37 · price 0.70503
Rounded top, lower highs since May peak.
The months-long climb from the late-February low near 0.6833 to the late-April peak at 0.7277 has rolled over into a rounded top through May. Friday's hot US NFP (172K vs ~85K) drove one of the year's largest single-day drops, breaking AUDUSD below EMA50 toward the 0.7020 area. Price now sits at the 50% retracement of the Feb-April advance with RSI in the high-30s.
Support: 0.7020, 0.7000, 0.6975
Resistance: 0.7080, 0.7105, 0.7145
What it said to watch
- Loss of 0.7020 floor confirms a lower-low and opens 0.7000
- Daily close back above 0.7105 would challenge the breakdown read
- US CPI (Wed) is the primary near-term swing factor for this pair