AUD/USD AI Live Scan, daily chart, Wednesday, 17 June 2026
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.
21:03 UTC
Corrective downtrend after May peak · RSI 42 · price 0.70643
Lower highs since early May, below EMA50.
AUDUSD rallied from the late-Feb low near 0.6830 to an early-May peak at 0.7277, but has since traced a chain of lower highs and now sits below EMA50, marking a corrective downtrend. The pair has spent the last two weeks consolidating in the 0.7040-0.7070 zone after rejection at 0.7100, with the hawkish-FOMC USD bid and a soft China retail print weighing on the AUD leg. Price is parked around the 50% retrace of the Feb-May advance, with 0.7000 the magnet below and 0.7140 the level needed to break the lower-high sequence.
Support: 0.7000, 0.69943, 0.6890
Resistance: 0.7088, 0.7140, 0.7180
What it said to watch
Daily close below 0.7000 psych opens the path toward the 0.6890 deeper swing
Reclaim of 0.7140 lower high needed to negate the lower-high structure
US Jobless Claims / Philly Fed Thu could extend the post-FOMC USD bid
AUDUSD topped near 0.7277 in early May and has carved a chain of lower highs since, with price trading back below EMA20 and EMA50 on D1. The latest bounce off the 0.6994 swing low has stalled below the 0.7090 June high after a hawkish FOMC lifted the dots and removed 2026 cuts, while the RBA's hawkish hold was faded. Price now sits mid-range on the late-March to May swing, with 0.7000 psychological support the near-term magnet.
Support: 0.7000, 0.6994, 0.6890
Resistance: 0.7090, 0.7140, 0.7200
What it said to watch
D1 close below 0.7000 psych confirms the undershoot toward the 0.6890 deeper low
Reclaim of 0.7140 lower high needed to negate the lower-highs structure
AU Trimmed Mean & CPI (Jun 24) could revive or kill the RBA tightening bias