AUD/USD AI Live Scan, daily chart, Wednesday, 8 July 2026
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, momentum flattening into a base · RSI 46 · price 0.69206
Lower highs off May peak, basing above 0.6875.
Downtrend since the early-May peak at 0.7277, with price trading below a falling EMA(50) through June. Two tests of 0.6875 held in late June and the pair has based between that swing low and the 0.6960 range top over the last two weeks, a shallow rebound to 0.6956 already fading back toward the 0.6900 psych level. Soft Australian inflation caps RBA-hike bets while an Iran-driven USD safe-haven bid keeps rallies contained.
Support: 0.6900, 0.6875, 0.6835
Resistance: 0.6960, 0.6980
What it said to watch
Daily close below 0.6875 confirms a lower low and exposes the 0.6835 200-dma zone
Close above 0.6980 pivot invalidates the consolidation read
FOMC Minutes today and US CPI on Jul 14 could materially shift this read
Lower highs off May peak, basing near range floor.
AUDUSD has been in a multi-week downtrend since the late-May 0.7277 high, printing a chain of lower highs and closing the June slide near 0.6865. Price sits below a falling EMA(50), but the last two weeks show basing between 0.6865 and 0.6960 as softer domestic inflation and a Hormuz-driven USD bid offset each other. RSI has lifted off oversold toward the mid-40s, reflecting the short-covering bounce rather than a trend turn.
Support: 0.6900, 0.68649, 0.6835
Resistance: 0.6960, 0.6980
What it said to watch
Weekly close below 0.6865 swing low confirms the next leg toward the 0.6835 200-dma
Sustained break above 0.6980 pivot invalidates the lower-high sequence
US CPI (Jul 14) and FOMC Minutes could materially shift this range read