Pullback within rising channel, weekly high capped.
AUDUSD spent the week climbing from the 0.7187 open to a 0.7277 high in Thursday's NY session, then faded back through EMA(20) into Friday and gapped lower into Monday's Asia open near 0.7218. Price has recovered into the 0.7240 area but is now pinned just under the 0.7250 prior-high shelf with RSI(14) flat around 49. The structural read is a pullback within last week's rising sequence — buyers stepped in at the Monday low, sellers capping at 0.7250.
Support: 0.7218, 0.7204, 0.7187
Resistance: 0.7250, 0.7267, 0.7277
What it said to watch
H1 close above 0.7250 prior high reopens the path toward 0.7277 week high
Loss of 0.7218 mon low exposes 0.7204 fri low and the 0.7187 week open
US CPI later this week is the dominant catalyst — could override the channel read
Higher highs into 0.7277 then lower-high at 0.7256, weekend gap down.
AUDUSD rallied from 0.7153 early in the week to a week high at 0.7277 during the Thursday NY session, then rolled over into Friday with a lower high at 0.7263. A weekend gap lower from 0.7248 to 0.7217 opened this week's trade, and price has since chopped in a tight 0.7218–0.7242 band with RSI flat near 48, sitting just above EMA20 but below EMA50.
Support: 0.7224, 0.7204, 0.7180
Resistance: 0.7250, 0.7263, 0.7277
What it said to watch
An hourly close back above 0.7250 reopens the session high and the 0.7263 lower high
Loss of the 0.7224 swing low exposes 0.7204 weekly low and the prior base at 0.7180
Trump-Xi summit later this week is a known event risk that could shift the read
Lower highs since 0.7277 peak, holding above 0.7204 swing low.
AUDUSD pushed from 0.7150 at the start of the week to a 0.7277 high before fading through Friday's NY session, opening this week with a gap lower to 0.7217. Price is now consolidating around 0.7240 below the EMA20 with RSI(14) mid-range, and stronger-than-expected China CPI failed to lift the pair meaningfully. The week's higher-lows structure is intact but momentum has clearly cooled into the US-Iran headline backdrop.
Support: 0.7227, 0.7204, 0.7180
Resistance: 0.7250, 0.7277
What it said to watch
H1 close back above 0.7250 ema20 would reassert this-week uptrend
Loss of 0.7204 swing low confirms a lower-low and breaks the week's structure
US-Iran headline risk could override the technical read on any session
Lower highs since Thursday peak, holding above weekly open.
Pair rallied from 0.7142 on Wednesday to a week high of 0.7277 into Thursday's NY session, then rolled over with a clean sequence of lower highs through Friday. Price gapped lower at Monday's Asian open and stabilised around 0.7230 after the stronger-than-expected China CPI print failed to lift AUD, with rejection back under the EMA20 at 0.7241. RSI(14) sits at 41 and the weekly open at 0.7187 is the structural pivot for the pullback read.
Support: 0.7218, 0.7204, 0.7187
Resistance: 0.7241, 0.7250, 0.7277
What it said to watch
H1 close back above 0.7241 (ema20) reopens the week high at 0.7277
Loss of 0.7218 monday low exposes 0.7204 thu swing low and weekly open at 0.7187
Trump China visit headlines (May 13-15) could materially shift this read
05:01 UTC
Pullback within this-week uptrend · RSI 41 · price 0.72266
Lower-highs since Wed peak, holding above weekly open.
AUDUSD ran from Monday's 0.7138 open to a 0.7277 week high on Wednesday's NY session before fading into Friday. Price gapped lower at Sunday's Asian open despite the stronger China CPI print, and is now drifting between the 0.7204 swing low and Friday's 0.7248 high, sitting below both EMA20 and EMA50. RSI(14) at 41 reflects the loss of upside momentum without confirming a fresh leg down.
Support: 0.7204, 0.7182
Resistance: 0.72485, 0.72772
What it said to watch
H1 close below the 0.7204 swing low opens room toward the 0.7182 weekly open
Reclaim of the 0.7248 fri high would neutralise this week's pullback
Trump state visit to China May 13–15 a known AUD-sensitive event risk
04:01 UTC
Pullback within broader uptrend · RSI 41 · price 0.72285
Lower highs since 0.7277 peak.
AUDUSD opened the week with a bearish gap from Friday's 0.7247 close down to 0.7218 despite a stronger-than-expected China CPI print, and the Asian session has failed to fully close it. Price is sitting under both EMA20 and EMA50 with RSI(14) drifting in the low 40s, and a sequence of lower highs from last Wednesday's 0.7277 peak remains intact. Sellers capped the gap-fill attempt at 0.7240 and price is now grinding back toward the 0.7214 swing low.
Support: 0.7214, 0.7204, 0.7187
Resistance: 0.72485, 0.7277
What it said to watch
H1 close back above 0.7248 prior high neutralises the lower-highs sequence
Break of 0.7214 swing low opens path to 0.7204 week low
Thin Asian liquidity into the London session could expand the range
AUDUSD pushed to a week high near 0.7277 mid-week before sellers stepped in, with each subsequent rally capped at lower highs into Friday's NY close. Asian session opened with a bearish gap to 0.7218 despite a stronger-than-expected China April CPI print at 1.2%, and price is now consolidating just below the EMA20 with RSI(14) sub-50. The 0.7220–0.7204 zone is the immediate area to monitor as the structural pivot for this week's uptrend.
Support: 0.7220, 0.7204, 0.7180
Resistance: 0.7250, 0.7277, 0.7240
What it said to watch
H1 close back above 0.7250 reclaims the EMA20 and neutralises the lower-highs read
Sustained break of 0.7204 week low confirms a lower-low and opens 0.7180
Trump state visit to China May 13–15 could shift AUD risk tone mid-week
02:01 UTC
Uptrend stalling, pulling back · RSI 47 · price 0.72347
Rally into 0.7277 capped, lower-highs forming.
AUDUSD rallied from the 0.7150 area early in the week into 0.7277 on Wednesday, but the push stalled with bearish RSI divergence and price has since drifted into a tighter range under 0.7250. Friday's NY session printed a swing low at 0.7214 and the Asia reopen is recovering toward the 0.7240 mid-range. Hotter-than-expected China April CPI (1.2% vs 0.8% est) gave AUD a small lift into the open, though price remains below both EMA(20) and EMA(50) on H1.
Support: 0.7214, 0.7204, 0.7180
Resistance: 0.72485, 0.72772
What it said to watch
H1 close above 0.72485 fri high would reassert the week's uptrend
Loss of 0.72140 swing low opens 0.72040 week low
PBOC fix already weaker than estimate — AUD sensitivity to CNH flows elevated
Higher highs into 0.7277, lower high posted at 0.7250.
AUDUSD rallied from 0.7135 on Monday's session open to 0.7277 by mid-week, but failed to extend on the second push and printed a lower high at 0.7250 into NY hours. Pullback into 0.7204 found buyers and price is now consolidating near 0.7238, with the channel from this week's lows still intact while resistance at 0.7250 caps recovery attempts.
Support: 0.7214, 0.7200, 0.7187
Resistance: 0.7250, 0.7268, 0.7277
What it said to watch
H1 close below 0.7214 swing low breaks the week's channel structure
Reclaim of 0.7250 lower high reopens the week high at 0.7268
China CPI print at 01:30 GMT could shift AUD tone into the Asia session
00:01 UTC
Uptrend, momentum easing · RSI 51 · price 0.72336
Higher highs into 0.7277, pullback holding above 0.7200.
AUDUSD has built a steady uptrend since Wednesday's NY session, pushing from 0.7135 to a week high at 0.7277 before fading into Friday's NY close. The weekend gap lower into 0.7218 was reclaimed quickly, and price now sits mid-range between weekend low support and 0.7248 session high resistance, with RSI back at neutral after a bearish divergence at the week's peak.
Support: 0.7218, 0.7204, 0.7187
Resistance: 0.7248, 0.7263, 0.7277
What it said to watch
Hold of weekend low at 0.7218 keeps the uptrend structure intact
Break of 0.7204 swing low confirms a lower-low and breaks the week's higher-low sequence
Close above 0.7263 prior high reopens the path to the 0.7277 week high
China CPI release in the Asia session could shift AUD tone