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
Recovering off June low, mid-range · RSI 56 · price 0.69987
4-month range, higher lows since late June.
AUDUSD has recovered roughly 130 pips off the late-June low at 0.6865 and is pressing the 0.7000 handle, where the D1 EMA50 sits. The bounce tracks a softer USD and a risk-on tone; zoomed out, price remains inside a four-month range between 0.6865 and the April peak near 0.7227, keeping this mid-range. RSI in the mid-50s shows no momentum extreme.
Support: 0.6950, 0.6865
Resistance: 0.7020, 0.7045, 0.7227
What it said to watch
- Daily close above 0.7020 recent high opens the 0.7045 prior swing
- Failure to hold 0.6950 uob pivot risks a return toward the 0.6865 june low
- Australia jobs report Thu 01:30 UTC could materially shift this read
21:04 UTC
Recovering off June lows, capped near 0.7020 · RSI 55 · price 0.69987
Broad range, mid-range after bounce.
AUDUSD has churned in a broad 0.6885–0.7280 range for four months, sliding from the May peak near 0.7277 to a June low around 0.6865 before recovering through July back to the 0.70 pivot. The pair sits just under a flattening EME(50) with the 0.7020 one-month high twice rejecting, while the 0.6885 base has held twice since February. Risk-on flows and lingering RBA hike bets have underpinned the July recovery, but momentum is stalling at the round number.
Support: 0.7000, 0.6950, 0.6885
Resistance: 0.7020, 0.7045
What it said to watch
- Daily close above 0.7045 opens the path back toward EMA50 reclaim and prior swing highs
- Failure to hold 0.6950 confirms a lower low and exposes the 0.6885 June base
- Australia June labour force report Thu Jul 23 could materially shift this read