Every read JAFX AI made on the AUD/USD weekly chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
19:03 UTC
Uptrend, momentum slowing · RSI 56 · price 0.70451
Higher highs, pullback from cycle high.
Macro uptrend since the Q2 2025 base at 0.5913, AUD's best run in 15 years carrying price to a 0.7280 high before this two-week pullback to 0.7045. Price holds well above a rising W1 EMA(50), so the regime stays intact, but it has slipped back beneath 0.7060 resistance with 0.7000 psych and the 0.6979 trough underpinning below. RBA's hold-and-statement Tuesday is the near-term swing factor against a higher-for-longer USD backdrop.
Support: 0.7000, 0.6979
Resistance: 0.7060, 0.7180, 0.7280
What it said to watch
- Weekly close back above 0.7060 reopens the 0.7180/0.7280 highs
- Weekly close below 0.7000 then 0.6979 would break the rising-low sequence
- RBA statement tone Tue and FOMC dots Wed could materially shift this read
19:03 UTC
Uptrend, momentum slowing · RSI 55 · price 0.70451
Pullback within multi-quarter uptrend.
AUDUSD has been in a clear uptrend since mid-2025, accelerating through Q1 2026 as it broke the 0.66 base and ran to a 0.7277 high — its best stretch in years. Price has since pulled back to 0.7045 but holds well above a rising W1 EMA(50), so the macro structure stays intact. The recent rejection from 0.719 and capping near 0.7060 marks the upper region of the current consolidation, with 0.7000/0.6979 the floor traders are tracking.
Support: 0.7000, 0.6979, 0.6648
Resistance: 0.7060, 0.7277
What it said to watch
- Weekly close below 0.6979 confirms a lower low and challenges the uptrend
- Sustained break above 0.7060 reopens the 0.7277 prior high
- RBA decision Tue and FOMC Wed could materially shift this read