Lower highs and lower lows, consolidating above psych support.
AUDUSD has carved lower highs and lower lows since the 0.7200 area, the hawkish Fed dot-plot shock knocking the pair through 0.7050 and under 0.7000 mid-week. Price recovered to 0.7088 before rolling over again, and is now compressing just above the 0.7000 psychological pivot. ATR(14) has eased off the prior expansion as the pair coils near support.
Support: 0.7000, 0.6994, 0.6979
Resistance: 0.7050, 0.7088
What it said to watch
Australia CPI Wed 01:30 UTC is the next domestic test for this read
H4 close below 0.6979 confirms a fresh lower-low
Reclaim of 0.7050 recovery gate would neutralise the lower-high structure
19:34 UTC
Downtrend, consolidating near 0.7000 · RSI 42 · price 0.7008
Lower highs and lower lows, basing above 0.6980.
AUDUSD has carved lower highs and lower lows since the 0.7200 area, and the hawkish-Fed dot-plot shock knocked the pair through 0.7000 mid-week. Price is now consolidating in a tight 0.6990-0.7037 band beneath falling EMA20 and EMA50, with the 0.7000 psychological pivot acting as the battleground. The 0.6979 swing low marks the last meaningful floor before deeper downside.
Support: 0.7000, 0.6979, 0.6990
Resistance: 0.7037, 0.7050
What it said to watch
Australia CPI Wed 24 Jun could materially shift this read
H4 close below 0.6979 confirms a fresh lower-low
Reclaim of 0.7050 / 100-day sma needed to repair the downtrend