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.
21:03 UTC
Downtrend, momentum accelerating · RSI 31 · price 0.69155
Lower highs and lower lows since May peak.
AUDUSD has been in a steady downtrend since the May peak near 0.7277, carving lower highs and now trading well below EMA(50) on D1. The pair broke the 0.7000 psych level this week and sits on the April low near 0.6900, pressured by USD strength on hawkish-Fed repricing and a soft Australian headline CPI. RSI is in oversold territory, reflecting how stretched the move has become into key support.
Support: 0.6900, 0.6835
Resistance: 0.7000, 0.7277
What it said to watch
- Sustained D1 close below 0.6900 opens the march trough toward 0.6835
- Australia jobs print in ~5h could spark a short-covering move back toward 0.7000
- US Core PCE tomorrow is a key driver for the dominant USD bid
21:03 UTC
Downtrend, oversold · RSI 32 · price 0.69155
Lower highs, lower lows since late April.
AUDUSD has rolled over into a multi-week downtrend, carving lower highs and lower lows off the ~0.7277 late-April peak and now pinned at the April lows near 0.6900 after a sharp 0.70 breakdown. Price sits well below a falling EMA(20)/EMA(50), with the slide driven by USD strength on hawkish-Fed repricing and a soft Australian headline CPI miss. RSI(14) near 31 marks the move as deeply oversold on the daily.
Support: 0.6900, 0.6835
Resistance: 0.7000
What it said to watch
- Sustained acceptance below the 0.6900 pivot opens the March trough toward 0.6835
- Australia jobs print in ~5h is the nearest high-impact catalyst and could spark a short-covering bounce
- Reclaim of the 0.7000 cap would ease the breakdown read