19:04 UTC
Uptrend, momentum slowing · RSI 48 · price 0.69412
Pullback from Q2 peak, basing near EMA50.
Uptrend from the April 2025 low at 0.5913 carried to a 0.7277 peak in Q2 2026, but the last two months have pulled price back to the 0.6900 handle where it sits just above the W1 EMA(50) — macro structure intact, momentum fading. The rally stalled at the round 0.7000 level and lower highs have formed since the peak, with a macro tug-of-war between softer US inflation and episodic USD haven bids capping the move. Price is holding the 0.6865 swing low that defines the recent base.
Support: 0.68649
Resistance: 0.7000, 0.7185, 0.72772
What it said to watch
- Weekly close below 0.6865 confirms a lower low and breaks the base
- Reclaim of 0.7000 psych reopens the 0.7185 swing high
- AUD jobs report Jul 23 could materially shift this read