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 consolidating · RSI 47 · price 0.69185
Range-bound base, 0.6890–0.6975.
The Aussie sold off from the early-May peak near 0.7277 through June, bottoming near 0.6865 in the last week of the month, and price still trades below a falling EMel(50). The past three weeks have been a tight consolidation between 0.6890 and 0.6975, matching the range flagged by the macro read; soft US CPI capped the dollar while Gulf-driven risk-off kept AUD boxed. RSI sits mid-range near 47, offering no directional tilt at the weekly cadence.
Support: 0.6890, 0.6864, 0.6835
Resistance: 0.6969
What it said to watch
- D1 close above 0.6975 breaks the range top
- Failure to hold 0.6890 opens the path toward 0.6835
- US PPI + Warsh testimony (Wed) could materially shift this read
21:04 UTC
Downtrend since May, now ranging · RSI 46 · price 0.69185
Range 0.6890-0.6975 after May-June slide.
The Aussie topped near 0.7277 in early May and ground lower through June, and has spent the last three weeks consolidating in a 0.6890-0.6975 band below a falling EMA(50). Yesterday's soft US CPI miss lifted price off the base but the bounce stalled around 0.6970 and price has drifted back to 0.6918. RSI sits mid-range near 46, reflecting the two-way, wait-and-see tone into the Aug 11 RBA.
Support: 0.6890, 0.6864, 0.6835
Resistance: 0.6950, 0.6975
What it said to watch
- Daily close above 0.6975 invalidates the range and challenges the descending resistance
- Failure to hold 0.6890 opens the path toward the 0.6835 channel target
- Australia inflation expectations Thu could shift the near-term read