Lower highs and lower lows; sharp bullish close off the low.
AUDUSD has been in a clean downtrend since the early-month roll-over from 0.722, printing successive lower highs and lower lows into a fresh cycle low of 0.6979, with the move underpinned by hawkish-Fed USD strength and soft AU data. The latest bar swept that low and closed strongly back at 0.70483, reclaiming the 0.7000 psych level and EMA20 in a single candle. Price still sits below the EMA50 and beneath the 0.7060 resistance that has capped prior bounces.
Support: 0.7000, 0.6979
Resistance: 0.7060
What it said to watch
RBA decision/statement Tue 04:30 UTC is the dominant catalyst and could reset this read
H4 close above 0.7060 would break the lower-high sequence
Failure to hold 0.7000 reopens the 0.6979 low
21:03 UTC
Downtrend, bounce off lows · RSI 45 · price 0.70483
Lower highs and lower lows, fresh 2-month low.
AUDUSD remains in a clear H4 downtrend, carving lower highs and lower lows since the early-month break under 0.7150 and posting a fresh two-month low at 0.69787. The latest bar saw a sharp rejection off those lows, reclaiming the 0.7000 psych pivot to close at 0.7048 on risk-on relief and a firmer USD backdrop. ATR(14) stays elevated as the down-leg extends, with price still capped well below the 0.7060 resistance shelf.
Support: 0.7000, 0.69787, 0.6975
Resistance: 0.7060, 0.7080
What it said to watch
RBA decision + statement Tue 04:30 UTC is the dominant catalyst and could reset this read
Repeated failure to close above 0.7000 keeps the bearish structure intact
H4 close above 0.7060 would break the chain of lower highs
Loss of 0.69787 confirms a fresh lower-low toward 0.6975
17:02 UTC
Downtrend, extending · RSI 38 · price 0.69951
Lower highs, lower lows; sub-0.7000 break.
AUDUSD remains in a clean multi-week downtrend, carving lower highs and lower lows since the early-month roll-over from 0.7180, with price now breaking and holding below the 0.7000 psychological pivot. Heavy AUD tone — soft China CPI, weak Westpac confidence and a firm USD bid after hot US PPI — has dragged the pair to two-month lows around 0.6979. Price sits below both EMA20 and EMA50 with momentum stretched, and the prior 0.7060 supply zone has capped every rally.
Support: 0.6979, 0.6975
Resistance: 0.7000, 0.7037, 0.7060
What it said to watch
Sustained H4 close back above 0.7000 would neutralise the sub-psych break
Failure to hold 0.6979 confirms continuation toward the 0.6975 uob target
RBA Rate Decision Tue 16 Jun 04:30 UTC — a hawkish-hold squeeze could reclaim 0.7000 and probe 0.7060
17:02 UTC
Downtrend, extending · RSI 37 · price 0.69951
Lower highs, lower lows sub-0.7000.
AUDUSD remains in a clean H4 downtrend, carving lower highs and lower lows since the early-month roll-over from 0.7226, and has now broken and closed below the 0.7000 psychological pivot. Soft Westpac confidence, a miss on China CPI and firm USD on hot PPI have kept rallies capped near 0.7050-0.7060, with sellers repeatedly defending 0.7000. Price is pinned just above the 0.69787 swing low with ATR(14) steady, signalling sustained downside pressure rather than compression.
Support: 0.69787, 0.6975, 0.70048
Resistance: 0.7000, 0.7060
What it said to watch
Failure to hold 0.69787 confirms a fresh lower-low toward the 0.6975 target
H4 close back above 0.7000 invalidates the breakdown read and reopens 0.7060
RBA hold Tue 16 Jun 04:30 UTC is the dominant catalyst — a hawkish tone risks an outsized squeeze
AUDUSD remains in a clean multi-week downtrend, carving lower highs and lower lows since the 0.7234 swing high, with the breakdown through the 0.7000 psychological pivot extending the slide on faded RBA hike bets and a firm USD. Price is pinned at the session low near 0.6982, holding below both EMA20 and EMA50, and ATR(14) has expanded as the move accelerates rather than compressing. RSI near 34 reflects sustained selling pressure without yet reaching washed-out extremes.
Support: 0.6982, 0.6975
Resistance: 0.7000, 0.7050
What it said to watch
RBA rate decision Tue 16 Jun 04:30 UTC is the dominant catalyst and could materially shift this read
Sustained loss of 0.6975 confirms continuation lower
H4 close back above 0.7000 would neutralise the breakdown toward the 0.7050 cap
13:02 UTC
Downtrend, extending · RSI 36 · price 0.69833
Lower highs and lower lows since 0.7236.
AUDUSD remains in a clean H4 downtrend, carving lower highs and lower lows from 0.7236 to a fresh swing low at 0.6982 as a run of weak Australian data and a fading RBA-hike narrative weigh on the Aussie. The break below the 0.7000 psychological pivot has held, with price consolidating just beneath it and trading below both EMA20 and EMA50. ATR(14) stays elevated, consistent with an extending move rather than compression.
Support: 0.6982, 0.6975, 0.7000
Resistance: 0.7050
What it said to watch
Failure to reclaim 0.7000 keeps the lower-low structure intact toward 0.6975
An H4 close back above 0.7050 cap would challenge the downtrend read
RBA decision Tue 16 Jun 04:30 UTC is the dominant catalyst and could reset this read
US PPI and jobless claims today 12:30 GMT may add near-term volatility
10:23 UTC
Downtrend, extended · RSI 40 · price 0.69966
Lower highs, lower lows; pressing 0.7000.
AUDUSD has carved a clean sequence of lower highs and lower lows since the early-month rejection at 0.7200, with a four-day slide driven by waning RBA hike bets and a firm USD after in-line-but-accelerating US CPI. Price has broken the 0.7050 cap and is now pinned to the 0.7000 psychological pivot, with rallies repeatedly fading. Both EMAs sit above price, confirming the bearish swing posture.
Support: 0.6987, 0.7000, 0.6975
Resistance: 0.7022, 0.7050
What it said to watch
RBA rate decision Tue 04:30 UTC is the dominant catalyst and can override this read
Sustained H4 close below 0.7000 opens the path toward 0.6975
Reclaim of 0.7050 would challenge the lower-high structure
US PPI today 12:30 UTC could swing USD and this pair
AUDUSD has slid for four straight sessions, breaking the 0.7000 psychological pivot as waning RBA hike bets and a firm USD (hot US CPI at 4.2% YoY) weigh on the pair. Structure is cleanly bearish — successive lower highs from 0.7190 with price now pinned at two-month lows under 0.7000 and below both EMAs. Demand around 0.6987 is the immediate floor; rallies have repeatedly faded into the 0.7050-0.7071 zone.
Support: 0.6987, 0.6975
Resistance: 0.7000, 0.7037, 0.7071
What it said to watch
Sustained H4 close back above 0.7000 negates the breakdown read
Failure to hold 0.6987 opens the path toward 0.6975
RBA rate decision Tue 04:30 UTC and US PPI today 12:30 UTC are dominant catalysts for this read
AUDUSD has bled lower for a fourth straight session and now sits on the 0.7000 psych pivot, the structure a clean sequence of lower highs and lower lows since the 0.7190 swing high. The slide accelerated after this week's hot US CPI (4.2% YoY) cemented higher-for-longer Fed pricing while soft Aussie sentiment and RBA-cut calls capped any bounce. Price holds below both EMA20 and EMA50 with ATR(14) still elevated, consistent with an extending downtrend rather than compression.
Support: 0.6987, 0.6975, 0.6950
Resistance: 0.7000, 0.7050, 0.7105
What it said to watch
Sustained H4 close below 0.6987 opens the 0.6975 area flagged by UOB
RBA rate decision Jun 16 04:30 UTC is the dominant near-term catalyst for this read
Reclaim of 0.7050 would break the lower-high sequence and ease downside pressure
AUDUSD has bled lower for a fourth straight leg, breaking the 0.7000 handle and printing a fresh two-month low around 0.6987 as US CPI at 4.2% reinforced higher-for-longer Fed pricing. Structure is cleanly bearish — successive lower highs with price pinned below both EMA20 and EMA50, which crossed bearishly earlier in the window. The 0.7000 psychological level now caps recovery attempts, with 0.6975 flagged as the next downside reference.
Support: 0.6987, 0.6975
Resistance: 0.7000, 0.7032, 0.7050
What it said to watch
Sustained move back above 0.7000 would neutralise the fresh-low read
AUDUSD remains in a clean multi-day downtrend, printing lower highs since the 0.7188 swing and grinding to a six-week low at 0.6987 on the back of soft Aussie sentiment data and a hot US CPI that cements a higher-for-longer Fed. Price is pinned at the 0.7000 psychological level with both EMA20 and EMA50 capping rallies overhead. ATR remains expanded, consistent with a trending, not compressing, regime.
Support: 0.7000, 0.6987, 0.6975
Resistance: 0.7050, 0.7071, 0.7105
What it said to watch
Sustained H4 close below 0.7000 opens the path to 0.6975
Reclaim of the 0.7050 pivot would challenge the lower-high structure
RBA decision Jun 16 04:30 UTC is the dominant catalyst and could reset this read
08:22 UTC
Downtrend, pressing lows · RSI 39 · price 0.70006
Lower highs / lower lows into 0.7000.
AUDUSD has ground lower for several sessions, slicing through 0.7000 to a fresh six-week low at 0.6987 as a hot US CPI cemented a higher-for-longer Fed while soft Aussie sentiment data undercut the currency. Structure is cleanly bearish — lower highs capping near 0.7050 and price pinned below both EMA20 and EMA50, with the descending channel intact. The bounce off 0.6987 is shallow and price is stalling back at the 0.7000 psych line.
Support: 0.6987, 0.7000, 0.6975
Resistance: 0.7050
What it said to watch
Sustained H4 close below 0.7000 opens the 0.6975 area
Reclaim and close above 0.7050 pivot would challenge the lower-high structure
RBA decision Tue Jun 16 04:30 UTC is the dominant catalyst and can reset this read
05:03 UTC
Downtrend, near 0.7000 floor · RSI 38 · price 0.7001
Sequence of lower highs and lower lows.
AUDUSD remains in a clean H4 downtrend, carving lower highs and lower lows since the early-window break beneath 0.7180; the slide reflects dovish RBA repricing toward cuts and firm USD into FOMC. Price has compressed against the 0.7000 psych pivot, which has been defended repeatedly, while rebounds keep stalling at the fib retracement and lower-high cluster around 0.7037 and 0.7070. Below 0.7000, 0.6975 is the next floor flagged downside.
Support: 0.7000, 0.6987, 0.6975
Resistance: 0.7037, 0.7070, 0.7105
What it said to watch
H4 close below 0.7000 opens 0.6975 next floor
Reclaim of 0.7037 prior high eases downside pressure
RBA decision Jun 16 is the dominant catalyst for this read
Lower highs and lower lows, compressing at 0.7000.
AUDUSD has been grinding lower across the window from 0.7264, with a clean sequence of lower highs and lower lows as the RBA narrative flipped from hikes to cuts and a hawkish-Fed USD held bid. Price is now pinned just above the 0.7000 psych floor, which has been repeatedly tested and held; ATR is contained as the move compresses into the level. Both EMA20 and EMA50 sit above price, confirming the bearish slope.
Support: 0.7000, 0.6987, 0.6975
Resistance: 0.7060, 0.7180
What it said to watch
Sustained H4 close below 0.7000 opens 0.6975 and accelerates the downtrend
Reclaim of 0.7060 would ease the immediate downside pressure
RBA decision Jun 16 is the dominant catalyst and could reset this read
01:03 UTC
Downtrend, extending · RSI 33 · price 0.69959
Lower highs and lower lows, sub-0.70 break.
AUDUSD remains in a clean multi-week downtrend, printing successive lower highs and lower lows and breaking the 0.7000 psych pivot this session to fresh two-month lows. The slide aligns with fading RBA hike bets and a firm USD post-CPI; price holds below both EMAs with RSI pressed toward oversold. ATR(14) near 22 pips reflects a steady, controlled grind rather than a blow-off.
Support: 0.6975, 0.6950
Resistance: 0.7016
What it said to watch
Sustained acceptance below 0.7000 opens the 0.6975 yield target
H4 close back above 0.7016 would neutralise the sub-0.70 break
US PPI + jobless claims today 12:30 UTC could extend or trim the USD leg
RBA Jun 16 decision tone is the next structural catalyst
AUDUSD is in a clean multi-day downtrend, printing lower highs and lower lows as RBA hike bets unwound into pause/cut talk while the USD held firm post-CPI. Price has broken the 0.7000 psych level and closed at fresh two-month lows near 0.6996, with ATR(14) expanding on the leg lower. Both EMAs sit overhead and yield spreads argue for continued downside undershoot.
Support: 0.6987, 0.6975
Resistance: 0.7000, 0.7037
What it said to watch
H4 close back above 0.7000 would invalidate the sub-0.70 breakout read
Failure to hold 0.6987 opens the path toward 0.6975
RBA decision Jun 16 04:30 UTC could materially shift this read