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
Downtrend off April high, stalling near 0.7000 · RSI 55 · price 0.69984
Consolidating below declining 50-day EMA after basing at June low.
Multi-month downtrend off the late-April 0.7277 high, but selling stalled at the mid-June 0.6865 low and price has ground back to the 0.7000 handle over the last three weeks. AUDUSD is now consolidating between 0.6970 and 0.7020, with the declining 50-day EMA repeatedly capping rallies above the round number as RBA-hike hopes and Fed-hike risk offset each other. RSI sits mid-range, reflecting the two-way tape.
Support: 0.6970, 0.6865
Resistance: 0.7020, 0.7045
What it said to watch
- D1 close above 0.7045 breaks the declining-highs ceiling and reopens 0.7145
- Failure to hold 0.6970 support reopens the 0.6865 June low
- Australia June jobs report Thu 01:30 GMT could materially shift this read
21:04 UTC
Downtrend easing, rounded recovery · RSI 55 · price 0.69984
Recovery off June low, capped below EMA50.
Multi-month slide from the early-April peak near 0.7277 into a mid-June low around 0.6865, followed by a rounded recovery back to the 0.7000 handle over the last three weeks. Price now sits above a flattening EMA20 but below the declining EMA50, which has repeatedly capped rallies above 0.7000. The tape is coiled between 0.6985 and 0.7020 into Thursday's Australian jobs report, with the RBA-hike vs Fed-hold stalemate keeping it two-way.
Support: 0.6970, 0.6950, 0.6865
Resistance: 0.7020, 0.7045, 0.7277
What it said to watch
- D1 close above 0.7045 clears the ema50 cap and reopens the 0.7277 april high
- Failure to hold 0.6970 confirms a lower-low and exposes 0.6950
- Australia June jobs report Thursday could materially shift this read