22:40 UTC
Macro uptrend, pulling back · RSI 53 · price 0.69934
Higher highs since Q2 2025, retracing from range top.
Macro uptrend intact since the April 2025 low at 0.5913; price broke out of the 0.62-0.66 base in Q1 2026 and tagged a prior high at 0.7277 before rejecting. The pullback now has price pressing the 0.7000 psychological mark with EMA(50) rising well below — the long-term structure holds even as near-term momentum fades. AUD softness ties to a buckling China commodity bid and dovish RBA repricing.
Support: 0.7000, 0.6975, 0.6864
Resistance: 0.7187, 0.7277
What it said to watch
- Weekly close below 0.7000 psych exposes the 0.6975 next floor
- Failure to hold 0.6864 swing low would break the rising structure
- RBA decision Jun 16 could materially shift this read