Lower highs into a holding 0.7092 floor, converging range.
From the weekly open at 0.71090 the pair pushed to the week high at 0.71398 during Monday's NY session, then Tuesday's London and NY hours worked it back to the week low at 0.70919 — duelling hawks (DXY at two-month highs against ~94% RBA hike pricing) keeping AUD/USD penned in its 0.7105–0.7135 band. That dip below the 0.7100 handle was recovered inside two bars, leaving a false break, and price now sits marginally above EMA(20) near 0.71120 but still under EMA(50) at ~0.71165. RSI(14) at 46 is mid-range with no divergence, and Tuesday's sequence of lower highs (0.71255 then 0.71204) has compressed against the recovering lows.
Support: 0.7109, 0.70919
Resistance: 0.71165, 0.71255, 0.71398
What it said to watch
H1 close above the 0.71255 day high ends the sequence of lower highs and re-opens 0.71398
Failure to hold 0.70919 confirms a lower low and voids the false break read
Loss of the 0.71090 weekly open on a closing basis puts price back under both EMAs
Australian flash PMIs at 23:00 UTC and US flash PMIs Wed 13:45 UTC can reset this range within the next few bars
Lower highs into a flat 0.7092-0.7140 weekly range.
AUDUSD has spent the week penned between the 0.7105 range floor and the 0.7140 cap, with Monday's NY session posting the week high at 0.71398 and each subsequent push stalling lower — 0.71255 at the day high, then 0.71204 in the last European hours. The London session drop to the 0.70919 day low was bought back within two bars and a second dip to the 0.70966 ny low held, leaving price back above EMA(20) near 0.7111 but still under EMA(50) around 0.7116, with RSI(14) hovering under 50. The duelling-hawks backdrop — near-certain RBA hike pricing against a DXY at two-month highs — is the reason the pair is compressing rather than trending.
Support: 0.7105, 0.70966, 0.70919
Resistance: 0.71204, 0.71255, 0.71398
What it said to watch
Australian flash PMIs at 23:00 UTC land inside the next bar and could break the compression
Australian labour force report Thu 01:30 UTC is the dominant event risk for this range
An hourly close above the 0.71204 lower high would end the sequence of lower highs; above 0.71255 the day high the week high at 0.71398 comes back into play
Loss of the 0.7105 range floor and the 0.70966 ny low on a closing basis would confirm a lower-low and invalidate the range read
Lower highs against higher lows, compressing above 0.7092.
AUDUSD has spent the week penned between the 0.71398 week high, set in Monday's NY session and rejected since, and a 0.70919 week low printed during yesterday's NY hours; the week's swing from 0.70825 is now roughly half retraced. Lower highs at 0.71255 and 0.71204 sit against a short series of higher lows above the 0.7100 psych level, and the last bar closes at 0.71142, marginally above EMA(20) at 0.71127 but still under EMA(50). RSI(14) near 48 is mid-range, consistent with the duelling hawkish Fed / hawkish RBA backdrop in the digest that has kept AUD expressing itself on crosses rather than versus USD.
Support: 0.71127, 0.7100, 0.70919
Resistance: 0.71204, 0.71255, 0.71398
What it said to watch
Australian flash PMIs at 23:00 UTC fall inside the next bar window and can break the compression
H1 close above the 0.71204 prior high would end the lower-high sequence and put 0.71255 back in play
Loss of the 0.7100 psych level and the 0.70919 week low would confirm a lower low
US flash PMIs Wed 13:45 GMT are the main USD-side risk to this range read
Monday's session opened at 0.71087 and pushed to 0.71398 into the NY hours, but every attempt since has made a lower high, with the Tuesday high at 0.71255 capping the bounce. The Tuesday London session flushed to 0.70919 — a false break under the weekly open — before NY demand produced a higher low near 0.7099 and dragged price back to the EMA(20) around 0.7112, leaving RSI(14) flat near 48 and EMA(50) marginally overhead. The two-way tape fits the duelling-hawks backdrop: a hawkish Fed holding DXY at two-month highs against near-certain RBA hike pricing, which has kept AUD expressing itself on crosses rather than versus the dollar.
Support: 0.7109, 0.7099, 0.70919
Resistance: 0.71255, 0.71398
What it said to watch
US flash PMIs Wed 13:45 GMT and Fed's Barr could materially shift this read within the next few H1 bars
Australian S&P Global PMIs at 23:00 UTC land inside the Asia session and can break the tight overnight range
An hourly close above the tue high at 0.71255 would end the lower-high sequence and re-expose the week high at 0.71398
Failure to hold the 0.7099 ny low would confirm a lower low and put the week low at 0.70919 back in play
Lower highs into a rising low base, price pinned at EMA20.
AUDUSD topped at the 0.71398 week high early in the week and has printed successive lower highs since, with the prior high at 0.71255 capping the last rebound; price now sits fractionally under the H1 EMA20 near 0.71123 after the London-session drop to the 0.70919 week low and a second NY-session dip to 0.70966 were both bought back above the 0.7100 round number. RSI(14) has cycled in the 40s without confirming the lows, and ATR has cooled to about 11 pips, consistent with the 0.7105–0.7135 penning described by duelling hawkish RBA and Fed narratives. The whole week's range is under 50 pips, so the EMA20 is acting as the pivot between the wedge's lower highs and the rising base.
Support: 0.7100, 0.70919
Resistance: 0.71123, 0.71255, 0.71398
What it said to watch
Hourly close back above the ema20 at 0.71123 and then the 0.71255 prior high would negate the lower-high sequence
Loss of the 0.7100 round number and the 0.70919 week low would confirm a fresh lower low
Australian flash PMIs at 23:00 UTC and US flash PMIs Wed 13:45 UTC can materially reset this range read
A failure to reclaim 0.71398 keeps the week high as the dominant cap
18:02 UTC
Sideways, lower highs building · RSI 43 · price 0.71087
Range with descending highs pressing the floor.
AUDUSD has spent the week penned in a tight band, and since Tuesday's 0.71398 week high the highs have stepped lower on each London and NY attempt, with the rejection just under 0.71255 the cleanest one. Price has slipped under the EMA(20) near 0.71150 during NY hours and RSI(14) at 43 sits in the lower half of its weekly cycle, leaving the 0.71000 round number as the active floor after the 0.70919 swing low was defended earlier. The duelling-hawks backdrop — a hawkish Fed against ~94% odds of an RBA hike — is what keeps this compressed rather than trending.
Support: 0.7100, 0.70919
Resistance: 0.7115, 0.71255, 0.71398
What it said to watch
Hourly close below the 0.70919 swing low would confirm a lower low and break the week's range floor
Reclaiming 0.71255 prior high would invalidate the descending-highs sequence and put the 0.71398 week high back in play
Australian flash PMIs at 23:00 UTC, then Thursday's labour force report, could materially shift this read
Repeated closes back above the EMA(20) at 0.71150 would neutralise the current downside drift
17:03 UTC
Downtrend, grinding lower off Monday's high · RSI 41 · price 0.7105
Lower highs since Monday, price pinned at the week's floor.
The week opened near 0.7109, spiked to 0.71398 in Monday's London-NY window and has bled lower since, printing a chain of lower highs into today's NY session with price now sitting on the 0.7105 range floor. Today's low at 0.70919 came in early London before a bounce that stalled at 0.71197, and price has held below EMA20 (~0.7110) on every attempt since; the 38.2% retracement of the week's decline sits in the same 0.7110 pocket. Two hawkish central banks — RBA hike pricing near 94% against a Fed that flagged more tightening — is why this has been drift rather than trend, with the 0.7100 psych level and the 0.70885 prior low the structure underneath.
Support: 0.7100, 0.70919, 0.70885
Resistance: 0.7110, 0.71197, 0.71398
What it said to watch
Hourly closes back above 0.7110 (ema20) and then 0.71197 would break the lower-high sequence
Sustained trade under 0.7100 psych, then a close below 0.70885 prior low, confirms a lower low and voids the range read
Australian flash PMIs at 23:00 UTC tonight are the next scheduled input; Thursday's labour force report is the week's main risk to this structure
Failure to hold the 0.70919 day low on a retest would extend today's downtrend leg
Range floor lost, sequence of lower highs and lower lows.
After topping at the 0.71398 week high early in the week, AUDUSD has traced a clean series of lower highs and has now lost the 0.7105 range floor, closing the latest hour at 0.70984 with the 0.7100 psych level flipping to resistance. Both the NY session declines yesterday and today did the damage, with price capped by the EMA20 near 0.71130 on every bounce and RSI(14) at ~38 — the duelling-hawks standoff (Fed hiking and flagging more, RBA hike ~94% priced) has kept the pair heavy against a firm dollar rather than trending either way. The 0.70919 week low is the immediate reference below; the prior low at 0.70885 sits just beneath it.
Support: 0.70919, 0.70885
Resistance: 0.7100, 0.7113, 0.71398
What it said to watch
Failure to hold 0.70919 confirms a lower-low and puts the 0.70885 prior low in play
An hourly close back above the 0.7100 psych level and then the 0.71130 ema20 would invalidate the lower-high sequence
Australian S&P Global PMIs at 23:00 UTC and the labour force report Thu 01:30 UTC can materially reset this read
US flash PMIs Wed 13:45 UTC are the dollar-side risk to the current 0.7100 rejection
0.7092-0.7140 band, lower highs since the week high.
Price opened this week near 0.7109, pushed to a week high of 0.71398 in the London-NY transition, and has since traced a sequence of lower highs — 0.71255, then 0.71197, then 0.71174 — with EMA(20) around 0.71130 now capping bounces rather than supporting them. Two NY-session slides found demand at 0.71000 and again at the 0.70919 week low, so the 0.7092-0.7140 band remains intact even as RSI(14) sits mid-40s. The hawkish Fed and firm US yields described in the macro read are the cap here: hawkish RBA commentary keeps the floor bid, but AUD cannot clear the 0.7140 area.
Support: 0.7100, 0.70919
Resistance: 0.7113, 0.71255, 0.71398
What it said to watch
An H1 close back above 0.71130 (ema20) would break the lower-high sequence
Reclaiming 0.71255 (prior-day hi) puts the 0.71398 week high back in play
Loss of the 0.71000 round number and the 0.70919 week low would confirm a lower-low and invalidate the range read
Australian flash PMIs tonight 23:00 UTC and US flash PMIs Wed 13:45 UTC could reset this range within the next bars
14:03 UTC
Sideways, drifting lower within range · RSI 47 · price 0.71146
Lower highs since Monday's high, range floor holding.
Monday's NY session high at 0.71398 stands as the week high, and H1 has printed successively lower highs since, leaving price pinned either side of the EMA(20) near 0.71155. Two probes under the 0.7100 psych level — one in Asia hours, one at the London open — were both recovered, the second setting the week low at 0.70919, with the firm USD on hawkish fedspeak capping every bounce while RBA hike pricing keeps the floor sticky. RSI(14) near 47 is mid-range, consistent with a 0.7092–0.7140 consolidation rather than a trending leg.
Support: 0.7100, 0.70919, 0.70885
Resistance: 0.71155, 0.71255, 0.71398
What it said to watch
An H1 close above 0.71255 prior high would break the lower-highs line and invalidate the drift-lower read
Failure to hold 0.70919 week low on a closing basis confirms a lower-low, with 0.70885 prior low the next reference
Australian S&P Global PMIs 23:00 UTC and US flash PMIs Wed 13:45 UTC are the near-term events capable of resolving this range
Reclaiming and holding the 0.71155 ema20 would neutralise the lower-high sequence
AUDUSD has ground lower since Monday's NY push to the 0.71398 week high, and every attempt back up has been capped under EMA(20) at 0.71140 with RSI(14) sitting near 44. The dominant move of the week came in yesterday's London–NY transition and again this London session, which took out the day low at 0.70919 before demand stepped in — dual-hawkish RBA/Fed pricing has left the pair heavy against the dollar despite a near-fully-priced Sep 29 hike. Closes are now clustering in the lower third of the week's range rather than reclaiming it.
Support: 0.71014, 0.70919, 0.70885
Resistance: 0.7114, 0.71255, 0.71398
What it said to watch
An H1 close above the 0.71255 lower high would break the week's lower-high sequence
Failure to hold the 0.71014 session low keeps the 0.70885 prior-low shelf in play
Reclaiming EMA(20) at 0.71140 on a closing basis would neutralise the drift lower
Australian PMIs at 23:00 UTC tonight and the labour force report Thu 01:30 UTC can reset this range
12:03 UTC
Sideways, no net direction this week · RSI 45 · price 0.71114
Range between 0.7092 and 0.7140, lower highs since Monday's NY session.
AUDUSD has spent the week compressed in a 0.7092–0.7140 band, with the week high at 0.71398 rejected in Monday's NY session and every push since capped under the falling EMA20 near 0.71160. Two NY-hour flushes, into 0.71014 and then the week low at 0.70919, were both recovered inside two bars, leaving the range base intact while RSI(14) cycles in the 40s. The stalemate matches the macro read: a near-fully-priced RBA hike on one side, a hawkish Fed and firm dollar on the other.
Support: 0.71014, 0.70919
Resistance: 0.7116, 0.71398
What it said to watch
H1 close above the 0.71398 week high invalidates the range read and opens 0.7168
Reclaiming the ema20 at 0.71160 on a closing basis is the first sign the lower-high sequence is breaking
Loss of the 0.71014 range base, then the 0.70919 week low, confirms a lower-low structure
Australian flash PMIs tonight 23:00 GMT and US flash PMIs Wed 13:45 UTC can break this congestion
0.7092–0.7140 week range, supply stepping down from Monday's high while 0.7100 is repeatedly reclaimed.
AUDUSD gapped lower at Monday's open, then ran to the week high at 0.71398 through the London-NY window before printing successive lower highs; today's day high at 0.71255 capped the Asia rebound. Two probes under the 0.71000 psych shelf — one in Asia, one in the London session down to the 0.70919 week low — were both reclaimed inside the hour, but EMA20 has rolled under EMA50 and RSI(14) is sitting in the mid-40s. The hawkish Fed dot plot keeps USD firm while a Sept 29 RBA hike is near fully priced, leaving price pinned between 0.71000 and the ema20 at 0.71174.
Support: 0.7100, 0.70919, 0.70744
Resistance: 0.71174, 0.71255, 0.71398
What it said to watch
An H1 close above the 0.71255 day high would break the lower-high line running down from the week high
Failure to hold the 0.71000 psych shelf confirms a lower low under the 0.70919 week low, putting the 0.70744 post-fed low back in view
Australian S&P Global PMIs at 23:00 UTC tonight, then US flash PMIs tomorrow, are the near-term risks to this range read
AUDUSD has spent the week inside 0.7092–0.7140, with Monday's NY session print at 0.71398 standing as the week high and every subsequent push capped lower. Today's London session drove a sweep below the 0.7100 psych level to a 0.70919 day low before the entire leg was reclaimed, leaving price pinned to the EMA(20) around 0.7118 with RSI(14) flat near 47. The two-way tone fits the digest: hawkish Bullock rhetoric and a near fully-priced Sept 29 RBA hike against a USD holding two-month highs.
Support: 0.71087, 0.7100, 0.70919
Resistance: 0.71255, 0.71398
What it said to watch
H1 close above the 0.71255 day high would break the sequence of lower highs off 0.71398
Failure to hold the 0.71087 weekly open re-exposes the 0.70919 day low
Australian S&P Global PMIs tonight 23:00 UTC could resolve the range before Thursday's labour report
0.7092-0.7140 range, lower highs since Monday's high.
AUDUSD has been capped by a sequence of lower highs since the 0.71398 week high printed in Monday's NY session, with the prior day high at 0.71255 turning back the last two rallies. Price now sits below EMA(20) near 0.71170 with RSI(14) at ~43, and the NY session dip to the 0.70919 session low was bought back toward the 0.7100 round number — the hawkish-RBA support vs hawkish-Fed resistance standoff described in the macro read is showing up as a tight 0.7092-0.7140 range. ATR(14) around 9 pips reflects the compression through the Asian and early-London hours.
Support: 0.7100, 0.70919, 0.70744
Resistance: 0.7117, 0.71255, 0.71398
What it said to watch
Hourly close below the 0.70919 session low confirms a lower low and puts the 0.7100 round number decisively behind
Reclaim of EMA(20) at 0.71170 and a close above the 0.71255 prior day high invalidates the lower-highs read
Australian PMIs at 23:00 UTC and Australian labour force data Thu 01:30 UTC are the main scheduled risks to this range structure
US flash PMIs Wed 13:45 UTC could materially shift the USD side of the read within the next bar period
08:03 UTC
Downtrend, lower highs since Monday's high · RSI 36 · price 0.71009
Series of lower highs capped by EMA20, pressing the 0.7100 floor.
Monday's London session printed the week high at 0.71398 and price has ground out lower highs since, with the EMA20 around 0.71190 now capping bounces instead of supporting them. The Tuesday Asia session dipped through 0.7100 to an asia low of 0.70979, and the recovery stalled at 0.71255 before the last two hours dragged spot back onto the 0.7100 psych level. Hawkish RBA rhetoric has kept that floor sticky all week, while a firm USD after the Fed's hawkish hike has held the upper end of the range in check.
Support: 0.7100, 0.70979, 0.70744
Resistance: 0.7119, 0.71255, 0.71398
What it said to watch
H1 close below the 0.70979 asia low confirms a lower low and exposes the 0.70744 wed low
Reclaiming the 0.71190 ema20 and clearing the 0.71255 lower high would break the week's descending sequence
Australian flash PMIs 23:00 UTC and the labour force report Thu 01:30 UTC can reset this range
Range between 0.7098 and 0.7140, lower highs since Monday's NY session.
The weekend gap lower into Monday's Asia open was filled within the first hours, and the pair then ground up to a 0.71398 week high in the NY session on Bullock's hawkish line before rejection set in and price faded back under EMA20. Tuesday's Asia session flushed to 0.70979 — just under the 0.7100 area — and was bought straight back to the 0.71255 day high, leaving price mid-range at 0.71156 with RSI(14) in the mid-40s and both EMA20 and EMA50 now overhead. A firm USD, with hawkish Fed pricing already largely in, is keeping the 0.7136–0.7140 cap intact while the 0.7100 shelf holds.
Support: 0.71146, 0.70979, 0.70744
Resistance: 0.71205, 0.71255, 0.71398
What it said to watch
Hourly closes back above the 0.71205 ema20 and then the 0.71255 day high would re-open the 0.71398 week high
Loss of the 0.70979 tue low on a closing basis confirms a lower low and exposes the 0.70744 week low
US flash S&P Global PMIs Wed 13:45 GMT (Services f/c 56) is the nearest event able to break this range read
Australian PMIs tonight 23:00 UTC and the Thursday labour force report are the AUD-side risks to the range
06:02 UTC
Sideways, no directional edge · RSI 49 · price 0.71217
Range between 0.7098 and 0.7140, lower highs since Monday's NY session.
Price has done nothing but churn since Monday's open: the week high at 0.71398 was set in the NY session and has capped everything since, while the flush to 0.70979 in the London-NY transition was fully retraced within two bars, leaving a false break below the 0.7100 pivot. RSI(14) sits near 48 and price is pinned to EMA(20) around 0.7120, consistent with the hawkish RBA commentary from Bullock and Hunter offsetting a firm post-FOMC USD rather than overpowering it. The 0.7098–0.7140 band described in the wider market read is doing the work on this timeframe.
Support: 0.71164, 0.71038, 0.70979
Resistance: 0.71302, 0.71398, 0.7168
What it said to watch
An H1 close above the 0.71398 week high would invalidate the range read and expose 0.7168
Failure to hold the 0.70979 week low on a closing basis confirms a lower low out of the range
Australian flash PMIs at 23:00 UTC tonight and US flash PMIs Wednesday 13:45 GMT could materially shift this read
Repeated rejection at the prior day high near 0.71302 keeps the lower-highs sequence intact
05:04 UTC
Sideways, momentum flat · RSI 49 · price 0.71208
Range between 0.7098 and 0.7140, lower highs since Monday's peak.
AUDUSD gapped lower to 0.71046 at the weekly open, recovered through the Asia and London sessions and topped at 0.71398 in the NY session before a rejection there left a sequence of lower highs into today's Asia hours. Hawkish RBA commentary from Bullock and Hunter has kept the floor firm — the NY-session dip to 0.70979 was bought back within two bars — but price is now pinned just under the ema50 at 0.7122 with RSI(14) flat near 49. The 0.7110 weekly open and the 0.71398 week high frame the whole four-day range, and ATR has compressed to roughly 6-7 pips per hour.
Support: 0.7110, 0.70979
Resistance: 0.7122, 0.71255, 0.71398
What it said to watch
H1 close above 0.71255 breaks the lower highs sequence; acceptance over the 0.71398 week high invalidates the range read
Loss of the 0.7110 weekly open and then the 0.70979 session low would confirm a lower low in the range
Australian S&P Global PMIs at 23:00 UTC and US S&P Global PMIs Wednesday 13:45 GMT can break the compression
Australian Employment Change Thursday 01:30 UTC is the largest scheduled risk to this structure
04:02 UTC
No trend, range-bound with lower highs · RSI 47 · price 0.71218
0.7098–0.7140 range; sequence of lower highs since Monday's high, base holding above the weekly open.
AUDUSD is going nowhere on H1: price sits back at 0.7122, effectively on EMA(20), after Monday's NY session rejection at the 0.71398 range top and a run of lower highs into today. The Asia session flush to the 0.70979 asia low was fully retraced within two bars, leaving the weekly open at 0.71087 intact and RSI(14) mid-range near 47 — consistent with the competing-hawks stalemate in the digest, where a ~94% priced RBA hike is offset by a hawkish Fed and 5% US 10s. The 0.70744 swing low from the mid-window drop remains the deeper reference and has not been threatened since.
Support: 0.70979, 0.71087, 0.70744
Resistance: 0.71255, 0.71398
What it said to watch
Hourly close above the 0.71398 range top invalidates the range read and puts 0.7168 in focus
Loss of the 0.70979 asia low and the 0.71087 weekly open would confirm a lower low and re-expose 0.70744
Failure to clear the 0.71255 session high keeps the lower-highs sequence intact
Australia flash PMIs at 23:00 GMT and Thursday's labour force report are the next events capable of breaking this range
03:03 UTC
No trend, sideways with lower highs · RSI 43 · price 0.71171
0.7095-0.7140 range, price back below EMA20 after the 0.7140 rejection.
AUDUSD has spent the whole window inside a 0.7095-0.7140 band: the hawkish Fed hike knocked the pair down to the 0.70744 week low, and Bullock's hawkish testimony plus Hunter's follow-through funded a grind back above the 0.7100 psych pivot into the 0.71398 week high. That high was rejected in yesterday's NY session and the pair has printed lower highs since, with the EMA20 near 0.71215 now acting as the cap rather than a pullback bid. This Asia session produced a fast dip to the 0.70979 session low that was bought back within the hour — a false break below 0.7100 that leaves the range floor intact.
Support: 0.7100, 0.70979, 0.70744
Resistance: 0.71215, 0.71398
What it said to watch
RBA Bullock speaks at 03:10 UTC — an immediate catalyst that can resolve this range in either direction
Hourly close back above the 0.71215 ema20 would end the lower-highs sequence
Sustained trade below the 0.71000 psych pivot puts the 0.70744 week low back in play
Close above the 0.71398 week high would break the range top
Australian PMIs at 23:00 UTC keep the range read provisional
02:03 UTC
Range breaking lower, momentum turning down · RSI 35 · price 0.71047
Lower highs since Monday's high; range floor at 0.7118 lost, first lower low of the week.
After the hawkish Fed-driven flush to 0.70744 earlier in the window, AUDUSD spent Monday and the NY session grinding back up to 0.71398 on rebuilt RBA hike pricing, but every push above 0.7130 was rejected and highs stepped lower into the Asia session. The latest bar broke the 0.7118 range floor and the higher-low line off Monday's open in one move, printing a session low at 0.70979 and closing at 0.71047 — below the weekly open at 0.71087 and below both EMA20 (0.71206) and EMA50. RSI(14) has slid to 35 from the mid-60s at Monday's high, the widest downside momentum reading of the week.
Support: 0.70979, 0.70885, 0.70744
Resistance: 0.71087, 0.71206, 0.71398
What it said to watch
RBA Governor Bullock at 03:10 UTC is the immediate catalyst and could reset this read within the next bars
An H1 close back above the 0.71087 weekly open would negate the range break
Failure to hold the 0.70979 session low exposes 0.70885 prior low, then 0.70744 week low
Reclaiming EMA20 at 0.71206 would restore the prior 0.7118-0.7140 range
Post-FOMC recovery stalling; lower highs since Monday's London high.
Last Wednesday's FOMC bar knifed AUDUSD from 0.71384 to 0.70744, and the window since has been a grind back up — the weekend gap lower to Monday's 0.71046 low was absorbed in the first Asian hours and price reclaimed the weekly open at 0.71087. Monday's London session printed the week high at 0.71398 before a steady fade through NY left a sequence of lower highs, with price now back under the H1 ema20 near 0.71225 and the prior high at 0.71355 untested since. RSI(14) near 38 reflects drift rather than impulse, and the 0.71165 session low is the base of the Asian range as hawkish RBA pricing offsets a firm dollar.
Support: 0.71165, 0.71087, 0.71046
Resistance: 0.71225, 0.71355, 0.71398
What it said to watch
An H1 close back above the 0.71225 ema20, then 0.71355 prior high, would void the lower-highs sequence
Failure to hold the 0.71165 session low exposes the 0.71087 weekly open and Monday's 0.71046 low
RBA Bullock speech at 03:10 GMT is an immediate catalyst; Australian PMIs at 23:00 GMT and US PMIs Wednesday could reshape this range read
Range between 0.7100 and 0.7140 after the mid-window flush.
Price gapped lower into Monday's open, was dip-bought straight back above 0.7100 and has spent the last two sessions boxed between roughly 0.7117 and the 0.7140 cap, where the week high at 0.71398 produced a clear rejection during NY hours. The hawkish-Fed USD has kept the upper end intact while ~94% priced RBA hike odds have absorbed every test toward 0.7100, leaving the pair pinned just under EMA(20) near 0.71225 with RSI(14) back at 43. The dominant move of the window remains the sharp drop to 0.70744 and the grinding recovery off it — that recovery line has held each higher low since.
Support: 0.71164, 0.71034, 0.7100
Resistance: 0.71225, 0.71398
What it said to watch
RBA Gov. Bullock at 03:10 GMT is the immediate catalyst and could reset this range read within hours
Hourly closes back above EMA(20) at 0.71225 would put the 0.7140 cap and the week high at 0.71398 back in play
Loss of the session low at 0.71164 turns 0.7100 into the pivot, with the 0.71034 swing low beneath it
US flash PMIs Wednesday 13:45 UTC are the week's main USD-side risk to the range