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, extended · RSI 28 · price 0.68947
Lower highs, lower lows since early June.
AUDUSD logged its eighth straight down day to ~0.6895, a 7-month low, after soft May CPI revived the no-hike RBA view and a hawkish-Fed/tech sell-off compounded the slide. Price sits firmly below a falling EMA(50), a clean lower-high/lower-low chain since the early-June rollover from 0.7180. D1 RSI is pressed into oversold territory and the 0.6835 March-April trough is now the next major reference below.
Support: 0.6835
Resistance: 0.7000, 0.7080, 0.7180
What it said to watch
- D1 close below 0.6835 confirms a fresh lower-low and opens downside
- Reclaim of 0.7000 round cap would ease the oversold downtrend read
- RBA Gov Bullock speech (Sun 12:15 GMT) could materially shift this read
21:03 UTC
Downtrend, extended/oversold · RSI 29 · price 0.68947
Lower highs, lower lows since May peak.
AUDUSD has logged an 8-session, ~2.5% slide to 7-month lows near 0.6895, with price extended well below both EMA20 and EMA50 after May's soft CPI print and a tech-led risk selloff. Structure is a clean chain of lower highs and lower lows since the late-April 0.7277 peak, and D1 RSI near 28 flags real oversold into the 0.6833 March-April trough. The 0.6880 swing low is the immediate floor, with the 0.6920 area now near-term cap.
Support: 0.6833, 0.6880
Resistance: 0.6920
What it said to watch
- Daily close below 0.6833 mar-apr low opens fresh downside
- Reclaim of 0.6920 near cap would relieve the oversold stretch
- RBA Gov Bullock speech (Sun) is a high-impact risk that could shift this read