Lower highs from 0.7013 week high; tight 0.6907–0.6924 range above 0.6894 week low.
Wednesday's 0.7013 week high marked a rejection as hot US CPI revived Fed hike bets. Thursday's AU jobs miss then broke the 0.6950 Mon-Wed lows during the Asia session, and the slide ran to a 0.6894 week low in NY hours around the US data dump before a USD reversal produced the rebound high at 0.6924. Since then the pair has held a tight 0.6907–0.6924 range just under EMA(20) near 0.6926 and at the 23.6% retracement of the Wed–Thu sell-off, with RSI(14) recovering to ~38 from oversold.
Support: 0.6907, 0.6894
Resistance: 0.6924, 0.6939, 0.6950
What it said to watch
H1 close above the 0.6924 rebound high and EMA(20) opens the 38.2% fib at 0.6939 and the 0.6950 Mon-Wed lows
Failure to hold the 0.6907 higher low exposes the 0.6894 week low and the 0.6900 round number
Fed Chair Warsh speech Friday 03:30 UTC could materially shift this read
Lower highs/lows from 0.7013 peak; neckline broken.
The week opened near 0.6982 and ran to a 0.7013 high on Wednesday. The hotter US CPI print then produced a rejection from 0.7000, and Thursday's Asia-session jobs miss broke the 0.6950 neckline of a head and shoulders. London extended the drop to a 0.6894 week low on the US data release before falling Treasury yields drove a NY bounce, and price is now compressing below the ema20 near 0.6925 with RSI(14) back in the mid-40s, between the 0.6935 range floor overhead and the 0.6907 NY low.
Support: 0.6907, 0.6894
Resistance: 0.6925, 0.6935, 0.6950
What it said to watch
H1 close above the 0.6935 range floor puts price back inside the 0.6935–0.7020 range
Rejection at the ema20 near 0.6925 keeps the lower-high sequence intact
Break of the 0.6894 week low brings the head and shoulders measured move near 0.6887 into view
Recovery through the 0.6950 neckline invalidates the head and shoulders read
Fed Chair Warsh speech Fri 03:30 UTC (~5.5h) could materially shift this read
Lower highs and lower lows since Wednesday's 0.7013 peak; tight base above 0.6907.
Tuesday–Wednesday's climb to a 0.7013 week high during London was rejected at 0.7000 when the hot US CPI hit in the NY session. Thursday's Asia-session AU jobs miss then broke the 0.6935 range floor, and the slide ran to a 0.6894 week low on the PPI release before falling Treasury yields drove a sharp NY bounce. Price is now basing at 0.6907–0.6924 beneath EMA(20) near 0.6928 and the lower-highs line, with RSI(14) recovering to the low 40s from roughly 25 at the low.
Support: 0.6907, 0.6894
Resistance: 0.6928, 0.6935, 0.6966
What it said to watch
Fed Chair Warsh speaks Fri 03:30 UTC; his remarks could materially shift this read during the Asia session
An H1 close back above the 0.6935 range floor and the lower-highs line would neutralise the downtrend read. The 50% fib near 0.6953 and the 0.6966 weekly open are the next references
Failure to hold the 0.6907 pullback low exposes the 0.6894 week low, and a break there extends the lower-low sequence
Lower highs and lower lows from the 0.7013 week high; tight consolidation below EMA(20).
After Monday's open at 0.6966, AUDUSD was rejected just above 0.7000 on Wednesday when the hot US CPI print hit in the NY session. The AU jobs miss in Thursday's Asia session and hot US PPI at the NY open then extended the lower-high, lower-low sequence through the 0.6935 range floor to the 0.6894 week low. The bounce to the 0.6924 bounce high, as USD reversed on falling yields, stalled at the 23.6% retracement of the Wednesday–Thursday drop, and price now holds between that level and the 0.6907 pullback low. Price sits below EMA(20) near 0.6928 and EMA(50) near 0.6947, with RSI(14) lifting to about 40 from the low-20s at the week low.
Support: 0.69071, 0.68939
Resistance: 0.69236, 0.6935, 0.6966
What it said to watch
H1 close above the 0.6935 range floor and the lower-high trendline would break the sequence of lower highs since Wednesday
Failure to hold the 0.6907 pullback low reopens the 0.6894 week low
A recovery through the 0.6924 bounce high and EMA(20) is needed before the 0.6966 week open comes back into play
Fed's Hammack at 20:30 UTC and Warsh's speech Fri 03:30 UTC during the Asia session could materially shift this read
Lower highs since Wednesday's 0.7013 peak; range break below 0.6950.
The week opened at 0.6966 and rallied Tuesday–Wednesday to 0.7013 in London, where it met rejection once the hot US CPI print hit during NY hours. Thursday's Asia-session AU jobs miss then broke the 0.6950 Tuesday low, and selling extended through London to a 0.6894 week low early in the NY session. Price now holds a 0.6907 higher low below EMA(20) near 0.6928, with RSI(14) near 36, and the bounce stalled at the 23.6% fib of the 0.7013–0.6894 decline.
Support: 0.6907, 0.6894
Resistance: 0.6928, 0.6950, 0.6966
What it said to watch
H1 close above EMA(20) at 0.6928 and the 23.6% fib would mark the first break in the lower-high sequence
Failure to hold the 0.6907 higher low reopens the 0.6894 week low
Reclaim of the 0.6950 Tuesday low (38.2–50% fib zone) would undercut the range-break read, with the 0.6966 weekly open above
Fed's Hammack at 20:30 UTC and Warsh's speech Fri 03:30 UTC (~9h) could materially shift this read
Lower highs since Wed 0.7013 peak; range break below 0.6935.
After a rejection at the 0.7013 week high on Wednesday's hot US CPI, Thursday's Asia-session AU jobs miss broke price below Tuesday's 0.6950 low and the 0.6935 broken supp. London then extended the drop to a 0.6894 week low around the US PPI print. The NY bounce stalled at the 0.6924 bounce high, near the 23.6% retracement of the week's drop, leaving price below EMA(20) and EMA(50) with RSI(14) recovering into the high 30s. Price is edging above the lower-high line from the post-jobs high, while 0.6935 and the 0.6966 weekly open sit overhead.
Support: 0.6907, 0.6894
Resistance: 0.6924, 0.6935, 0.6966
What it said to watch
H1 close above the 0.6924 bounce high confirms the break of the lower-high line and puts 0.6935 broken supp in focus
Reclaiming 0.6935 returns price to the 0.6935–0.7020 range, with the 0.6966 weekly open the next reference
Loss of the 0.6907 pullback low puts the 0.6894 week low back in play; a close below it extends the lower-low sequence
Fed's Hammack at 20:30 UTC and Warsh's speech Fri 03:30 UTC (Asia session) could materially shift this read
17:03 UTC
Downtrend, extended after two data-driven legs · RSI 32 · price 0.69079
Lower highs from 0.7013, range floor broken.
Wednesday's rally to 0.7013 met rejection at 0.7000 when hot US CPI hit in the NY session. The pair then printed a lower high at 0.6980 before Thursday's Asia-session jobs miss broke the week's 0.6950 lows and the 0.6935 range floor. London and NY extended the drop to a week low of 0.6894 around the PPI release, and the ppi bounce to 0.6924 stalled at the 23.6% retracement and EMA(20), with RSI(14) holding near 30.
Support: 0.6900, 0.68939
Resistance: 0.69236, 0.6935, 0.6980
What it said to watch
Warsh speech at 03:30 UTC Fri (Asia session) could materially shift this read
H1 close back above 0.6935 range floor reopens the old 0.6935–0.7020 range
Acceptance above the ppi bounce high at 0.6924 breaks the lower-high sequence from 0.6980
Failure to hold the 0.6900 round number and 0.6894 week low extends the lower-low sequence
Hammack at 20:30 UTC today is a secondary risk for USD tone
16:03 UTC
Downtrend, oversold after a two-day slide · RSI 28 · price 0.69118
Head and shoulders broken, lower highs since Thursday's Asia session.
The week's high near 0.7013 was rejected on Wednesday's hot US CPI print. Thursday's AU jobs miss then broke the 0.6950 neckline in the Asia session, completing a head and shoulders from Monday's 0.6995 and Wednesday's 0.7013 peaks. Hot PPI drove a fresh NY-session leg to a 0.6894 week low, and the bounce stalled at 0.6924, the ny bounce hi, with price holding below EMA(20) near 0.6933 and RSI(14) still oversold under the lower-highs trendline.
Support: 0.6900, 0.68939
Resistance: 0.69236, 0.6933, 0.6950
What it said to watch
H1 close back above the 0.6950 neckline negates the head and shoulders breakdown
Failure to hold the 0.6900 round number and the 0.6894 week low extends the lower-low sequence
A close above the ny bounce hi at 0.6924 and EMA(20) near 0.6933 breaks the lower-highs trendline and opens the 38.2% retracement of the sell-off near 0.6939
Fed's Hammack at 20:30 UTC and Fed Chair Warsh at 03:30 UTC Friday could materially shift this read
15:03 UTC
Downtrend, oversold bounce under way · RSI 35 · price 0.69204
Head and shoulders completed, neckline broken, lower highs from 0.7013.
After the rejection just above 0.7000 on Wednesday's hot US CPI, the AU jobs miss in Thursday's Asia session broke the 0.6950 neckline and completed a head and shoulders. London extended the slide to a week low at 0.6894 after the hot PPI print. The first hour of NY then saw a 30-pip bounce as US yields slipped, but price still sits below the ema20 near 0.6935, with RSI(14) recovering to the mid-30s from oversold.
Support: 0.6900, 0.6894
Resistance: 0.6935, 0.6950, 0.6966
What it said to watch
An H1 close back above the 0.6950 neckline would undercut the head and shoulders read; the 50% fib sits at the same level
Failure to hold the 0.6900 round number exposes the 0.6894 week low and confirms a fresh lower-low
Weekly open at 0.6966 lines up with the 61.8% fib and the lower highs trendline; a reclaim would negate the week's breakdown
The ema20 near 0.6935 is the first test for the bounce; a rejection there keeps the lower highs sequence intact
Fed's Hammack at 20:30 UTC and Fed Chair Warsh, Fri 03:30 UTC, could materially shift this read
Head and shoulders completed below 0.6950; lower highs, lower lows since Wednesday.
Hot US CPI on Wednesday rejected the rally at the 0.7013 week high. Thursday's AU jobs miss capped the bounce at 0.6980, forming the right shoulder. The 0.6950 neckline, built on the Monday–Wednesday lows, gave way in London, and hot US PPI extended the slide in the NY session to a 0.6894 week low, just under the 0.6900 psych level. Price sits below both EMA(20) and EMA(50), and RSI(14) near 24 is oversold after an almost uninterrupted run of lower highs since the jobs print.
Support: 0.6900, 0.68939
Resistance: 0.6950, 0.6980, 0.70126
What it said to watch
Hourly close back above the 0.6950 neckline would negate the head and shoulders breakdown
Failure to hold 0.6900 psych and the 0.6894 week low extends the lower-low sequence
A rebound stalling below the lower highs line toward 0.6980 right shoulder keeps the sequence intact
Fed's Hammack at 20:30 GMT and Warsh on Fri 03:30 GMT could materially shift this read
13:04 UTC
Downtrend, accelerating into NY session · RSI 23 · price 0.69029
Head and shoulders neckline broken; lower highs since Wednesday's 0.7013 top.
The week opened with a gap down to 0.6966 and rallied to 0.7013 by Wednesday's London session. Wednesday's hot US CPI then rejected the 0.70 psych level and knocked 35 pips off in one bar. Thursday's Asia-session AU jobs miss (-39.3K) broke the 0.6945–0.6950 neckline of a head and shoulders. The pattern runs from a Monday left shoulder at 0.6995, through the 0.7013 head, to Thursday's 0.6980 right shoulder. The slide continued through London, sliced the 0.6935 broken supp, and pushed into the 0.6900 round number on the hot US PPI and retail sales beat. Price sits well below EMA(20) and EMA(50), with RSI(14) near 23 and oversold.
Support: 0.6900, 0.6887
Resistance: 0.6935, 0.6948, 0.7000
What it said to watch
An H1 close back above the 0.6948 neckline would negate the head and shoulders breakdown; 0.6935 broken supp is the first test overhead
Sustained trade below the 0.6900 round number opens the measured h&s target near 0.6887
A new low with a higher RSI(14) reading would form bullish divergence from oversold
Fed's Hammack at 20:30 UTC today and Chair Warsh at 03:30 UTC Friday could materially shift this read
The lower-high line from Wednesday's top caps any recovery below the 0.70 psych level
12:03 UTC
Downtrend, oversold · RSI 25 · price 0.6909
Lower highs and lower lows since Wednesday's 0.7013 week high; 0.6935 range floor broken.
The 0.7013 week high was rejected in NY hours Wednesday as hot US CPI landed, and the pair has printed lower highs since. The Asia-session AU jobs miss (-39.3K) broke the 0.6945–0.6950 lows, and London extended the slide through the 0.6935 range floor to a session low near 0.6909. RSI(14) at 25 is oversold with no bullish divergence, and price sits about 35 pips below the ema20 near 0.6945, which aligns with the 38.2% fib of the week's 104-pip drop; the weekly open at 0.6966 is the next reference above.
Support: 0.6909, 0.6900
Resistance: 0.6935, 0.6945, 0.6966
What it said to watch
US PPI and Retail Sales at 12:30 UTC (~1h) could materially shift this read
An H1 close back above the 0.6935 range floor would turn the break into a false break
Failure to hold the 0.6909 session low exposes the 0.6900 round number
A reclaim of the ema20 near 0.6945 would end the lower-highs sequence
Fed Chair Warsh on Friday is a further risk to the structure
11:03 UTC
Downtrend, extended and oversold · RSI 23 · price 0.69204
Lower high at 0.6980 then a break below the 0.6950 double base.
Wednesday's London-session push to the 0.7013 week high reversed on the hot US CPI print in NY hours. The rebound stalled at a 0.6980 lower high in the Asia session, where the AU jobs miss broke price back below the week's 0.6966 open. London then took out the 0.6950 prior lows, a double base from Tuesday and Wednesday, and printed a fresh 0.6913 week low. Price sits below both EMAs with RSI(14) near 23; the 0.6900 round number is the next reference below.
Support: 0.6913, 0.6900
Resistance: 0.6950, 0.6980, 0.7013
What it said to watch
US PPI and Retail Sales at 12:30 UTC could materially shift this read; a soft print would test the move
An H1 close back above the 0.6950 prior lows would mark the breakdown as a false break
Failure to hold the 0.6913 week low exposes the 0.6900 round number
A new low with a higher RSI(14) reading would set up a bullish divergence off oversold
Only a close above the 0.6980 lower high breaks the lower-highs sequence from the 0.7013 week high
Lower highs since Wednesday's 0.7012 high; the week's 0.6950 floor has broken.
AUDUSD has printed lower highs since the hot US CPI print rejected it at 0.7012 in Wednesday's NY session. Thursday's Asia-session jobs miss (-39.3K vs +20K f/c) broke the 0.6950 floor that held Tuesday and Wednesday, and the London open extended the slide to a fresh week low near 0.6916. Price now sits below EMA(20) near 0.6950 and the weekly open at 0.6966, with RSI(14) oversold in the mid-20s and the 0.6935 flip level the first overhead marker.
Support: 0.6916, 0.6900
Resistance: 0.6935, 0.6950, 0.6966
What it said to watch
US PPI and Retail Sales at 12:30 UTC could materially shift this read
An H1 close back above the 0.6935 flip level and EMA(20) at 0.6950 would break the lower-highs line and stall the downtrend read
Failure to hold the week low at 0.6916 exposes the 0.6900 round number
A recovery to the weekly open at 0.6966 (50% fib of the week's drop) would reframe the move as a range rather than a trend
Fed Chair Warsh speaks Friday and could alter the read on October hike odds
09:04 UTC
Downtrend, oversold after two-leg drop · RSI 26 · price 0.69288
Lower highs from the 0.7013 week high; 0.6950 floor broken, new week low.
Wednesday's push to a 0.7013 week high reversed during the NY session on the hot US CPI print. Today's -39.3K Australian jobs miss in Asia extended the slide, and London added a further leg to a 0.6926 week low. Price now sits well below the EMA(20) near 0.6954 and back under the 0.6966 weekly open, with the 0.6950 prior lows from Monday–Wednesday giving way. RSI(14) at 26 is oversold but shows no divergence against the new low.
Support: 0.69264, 0.6900
Resistance: 0.6950, 0.6966, 0.6980
What it said to watch
H1 close back above the 0.6950 prior lows and EMA(20) would undercut the range-break read
Failure to hold the 0.6926 week low exposes the 0.6900 round number
A rebound that stalls at the 61.8% fib of the 0.7013–0.6926 drop near 0.6980 keeps the lower highs line intact
US PPI and Retail Sales at 12:30 GMT could materially shift this read
Lower highs and lower lows since Wednesday's 0.7013 high; 0.6950 base broken.
Since Wednesday's 0.7013 week high, H1 has printed a run of lower highs. The hot US CPI knocked price off 0.70 at the NY open. The Asia-session jobs miss then broke the 0.6950 prior lows (Tuesday/Wednesday base), and the London open extended the move to a fresh week low at 0.6932. Price sits below EMA(20) near 0.6957 and EMA(50) near 0.6971 with RSI(14) at 31, while the 0.6960 lower high and the 0.6966 weekly open cluster around the 38.2% fib of the drop.
Support: 0.69315, 0.6900
Resistance: 0.6950, 0.6960, 0.6966
What it said to watch
US PPI and Retail Sales at 12:30 UTC (~4h) could materially shift this read, given USD has already faded its post-CPI spike
An H1 close back above the 0.6950 prior lows would mark the break below the base as a false break
Acceptance below the 0.6932 week low leaves the 0.6900 round number as the next reference
A recovery through the 0.6960 lower high and the weekly open at 0.6966 would break the lower-highs sequence
07:02 UTC
Downtrend, lower highs since Wednesday's 0.7013 top · RSI 34 · price 0.69396
Lower highs and lower lows, week range floor broken.
Wednesday's rejection near 0.7013 turned the week: the hot US CPI knocked the pair 35 pips lower at the NY open, and the post-CPI rebound stalled at a 0.6979 lower high. The AUD jobs miss then drove a second leg in the Asia session, and the latest push ahead of London open broke the 0.6950 prior low (Tuesday's and Wednesday's lows) to print a fresh week low at 0.6937. Price sits below EMA(20) near 0.6960, which has capped bounces since CPI, with RSI(14) near 34 and not yet oversold.
Support: 0.69367, 0.6935
Resistance: 0.6950, 0.6960, 0.6979
What it said to watch
US PPI and retail sales at 12:30 UTC (~5.5h) could materially shift this read
H1 close back above 0.6950 prior low would flag the range break as a false break
Sustained trade below 0.6935 uob support extends the lower-low sequence beyond the week low
Recovery through ema20 and the 0.6979 lower high would break the lower-highs trendline
Lower highs and lower lows after a false break above 0.7000; price under the 0.6950 prior lows.
Wednesday's London push to a 0.7013 week high faded sharply on the hot US CPI print at the London-NY transition. Australia's September jobs miss in Thursday's Asia session then extended the CPI-to-jobs leg to a 0.6945 week low, just under the Tuesday and Wednesday prior lows near 0.6950. Price holds below the H1 ema20 near 0.6964 with RSI(14) around 34, and the 0.6980 lower high capped the pre-jobs rebound, leaving the 0.6935 range floor from the digest as the next reference below.
Support: 0.69445, 0.6935
Resistance: 0.6950, 0.6964, 0.6980
What it said to watch
H1 close back above 0.6950 prior lows would turn this week-low break into a false break
Failure to hold the 0.6945 week low exposes the 0.6935 range floor; a close beneath it extends the lower-low sequence
Recovery through the ema20 (~0.6964) and the 38.2% of the CPI-to-jobs leg (~0.6971) would challenge the lower-highs trendline from 0.7013
A close above the 0.6980 lower high invalidates the lower-highs structure
US PPI and Retail Sales at 12:30 UTC (~6h) could materially shift this read, with Warsh due Friday
A false break above 0.7000 into Wednesday's London session set the 0.7013 week high, then hot US CPI drove a 40-pip NY-session drop. Australia's September jobs miss knocked price to a fresh week low at 0.6945 in the Asia session after the post-CPI bounce stalled at 0.6980, leaving a lower high. Price now sits below EMA(20) and the 0.6966 weekly open with RSI(14) near 41, while UOB's 0.6935 range floor sits just beneath.
Support: 0.6945, 0.6935
Resistance: 0.6966, 0.6980, 0.7013
What it said to watch
H1 close below 0.6945 week low extends the lower-low sequence toward the 0.6935 range floor
Reclaim of 0.6966 weekly open and EMA(20) would neutralise the post-jobs breakdown
Move back above 0.6980 lower high, the 50% of the week high-to-low leg, breaks the lower-highs read
US PPI and retail sales at 12:30 UTC (~7.5h) could materially shift this read
04:02 UTC
Short-term downtrend inside the weekly range · RSI 42 · price 0.69525
Lower highs from the 0.7013 week high; lows clustering 0.6945–0.6950.
Wednesday's push to the 0.7013 week high met rejection above 0.7000, and hot US CPI drove a 55-pip drop to 0.6950 in NY hours. The Australian jobs miss (-39.3K vs +20K) at the Asia session open then erased the overnight recovery, leaving a lower high at 0.6980 and a fresh week low at 0.6945. Price sits below EMA(20) and the 0.6966 weekly open. The 0.6945–0.6950 zone has absorbed three tests since Tuesday, with the UOB 0.6935 range floor just beneath.
Support: 0.69445, 0.6935
Resistance: 0.6966, 0.6980, 0.70126
What it said to watch
H1 close below the 0.6945 week low exposes the 0.6935 range floor
Reclaim of the 0.6966 weekly open and EMA(20) would weaken the lower-high sequence
Recovery through 0.6980 (lower high, ~50% fib of the week decline) neutralises the post-jobs leg
US PPI and Retail Sales at 12:30 UTC (~8h) could materially shift this read
Fed Chair Warsh speech Friday is a second USD risk for the range
0.6945–0.7013 weekly range, lower high at 0.6980 after failed break of 0.7000.
Wednesday's London-session push through 0.7000 to a 0.7013 week high was a false break, unwound in NY hours on the hot US CPI print. The Asia-session drop on Australia's September jobs miss set a week low at 0.6945, marginally under the 0.6950 lows from Tuesday and Wednesday. The bounce sits below the weekly open and EMA(20) at 0.6966–0.6969, with RSI(14) near 41, and the 0.6980 swing high at the 50% retrace of the week's drop marks the latest lower high.
Support: 0.6945, 0.6935
Resistance: 0.6966, 0.6980, 0.7013
What it said to watch
H1 close below the 0.6945 week low exposes the 0.6935 range floor
Recovery above the 0.6966 weekly open and EMA(20) would ease pressure on the lower-high line
Close above the 0.6980 swing high breaks the lower-high sequence from the week high
US PPI and Retail Sales at 12:30 UTC (~9.5h) could materially shift this read
Fed Chair Warsh speaks Friday, a further USD risk for the range
Lower high at 0.6980 after the CPI rejection, then a break of the 0.6950 lows.
The pair was rejected from the 0.7013 week high on Wednesday's hot US CPI print during NY hours and set a lower high at 0.6980. The Asia-session Australian jobs miss then pushed it through the 0.6950 lows to a fresh week low at 0.6945. Price sits below a falling EMA(20) near 0.6969 and the 0.6966 week open, with RSI(14) at 36 and not yet oversold, leaving the 0.6935 range floor as the next reference below.
Support: 0.69445, 0.6935
Resistance: 0.6950, 0.6969, 0.6980
What it said to watch
An H1 close back above the broken lows at 0.6950 would turn the break into a false break
Failure to hold the 0.6935 range floor would extend the lower-low sequence beyond this week's range
A reclaim of the ema20 near 0.6969 and the 0.6980 lower high would neutralise the post-CPI downtrend read
US PPI, Retail Sales and claims at 12:30 UTC could materially shift this read
01:03 UTC
Downtrend from the 0.70 rejection, momentum stretched · RSI 37 · price 0.69534
Lower high at 0.6980 after CPI reversal, intrabar break of 0.6950 twin lows.
AUD/USD set a week high at 0.7013 in Wednesday's London session. The hot US CPI print then cut it back through 0.7000 during NY hours, and that 0.70 rejection erased the week's gains. The recovery stalled at the 0.6980 rebound high, and in Thursday's Asia session the AU jobs miss pushed price through the 0.6950 twin lows from Tuesday and the CPI day to a 0.6945 jobs low, though the hour closed back above them. Price sits below EMA(20) near 0.6972 with RSI(14) around 37, and the 0.6935 range floor quoted all week lies about 18 pips lower.
Support: 0.6950, 0.69448, 0.6935
Resistance: 0.6972, 0.6980, 0.70126
What it said to watch
H1 close below the 0.6945 jobs low turns the sweep of the twin lows into a lower-low and puts the 0.6935 range floor in play
Recovery above ema20 at 0.6972 and the 0.6980 rebound high would break the lower highs line off the week high
Hold back above 0.6950 twin lows keeps the 0.6935–0.7013 range read intact
US PPI and retail sales at 12:30 UTC Thursday could materially shift this read via Fed hike pricing
00:03 UTC
Range-bound, recovering after CPI drop · RSI 50 · price 0.69777
The week opened at 0.6966 and has rotated inside a 0.6950–0.7013 range. Tuesday's Asia-session week low at 0.6950 held, and Wednesday's push through the 0.7000 psych level during London turned into a false break once the hot US CPI print hit at the NY open. The CPI drop stalled on a retest of the week low, and the recovery has retraced to between the 38.2% and 50% fib, with price pinned on EMA(20) and EMA(50) near 0.6977 and RSI(14) back at 50.
Support: 0.6969, 0.6950, 0.6935
Resistance: 0.6989, 0.7000, 0.7013
What it said to watch
Australia September labour report at 00:30 GMT (~50 min) could materially shift this read; a soft print puts the 0.6950 week low and the 0.6935 range floor in focus
An H1 close above the 61.8% fib at 0.6989 and the 0.7000 psych level reopens the 0.7013 week high
A break of the 0.6969 asia low and the recovery line exposes the 0.6950 week low for a third test
US PPI and retail sales at 12:30 UTC are the next USD catalyst for the range