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 from May, now basing · RSI 48 · price 0.69526
Multi-week decline stalling into a range.
AUDUSD is coming off a May peak near 0.7277 that unwound to a late-June low around 0.6865, keeping the multi-week trend lower and price beneath a falling EMA(50). The last five sessions have flattened into a 0.6900–0.6980 range as a hawkish-RBA versus hawkish-Fed standoff, plus softening USD off three-week lows, cancel out. Price sits back at its EMA(20) after repeated failure to reclaim the 0.6980 range top.
Support: 0.6900, 0.6860
Resistance: 0.6980, 0.7070
What it said to watch
- Weekly close above 0.6980 range top would end the basing read and open the path to 0.7070
- Loss of 0.6900 pivot exposes 0.6860 key support and resumes the lower-low sequence
- US CPI (Jul 14) is the near-term USD catalyst capable of shifting this range
21:04 UTC
Medium-term downtrend, tactical bounce · RSI 51 · price 0.69526
Rebound off June low stalling in range.
AUDUSD carved a peak near 0.7277 in late April/early May, then slid through May-June to a base at 0.6875, keeping price below a falling EMA(50). The last two weeks are a shallow rebound off that low, but it has stalled between 0.6900 and 0.6980 as a hawkish-RBA vs hawkish-Fed standoff and unwinding Iran risk premium cancel out. Repeated failure at 0.6980 keeps the pair capped inside the range.
Support: 0.6900, 0.68749, 0.6835
Resistance: 0.6980, 0.7050
What it said to watch
- Daily close above 0.6980 invalidates the range-cap read and opens 0.7050
- Failure to hold 0.6900 pivot exposes 0.6860 then the 0.6875 swing low
- US CPI Tue could reprice USD and shift this read