21:04 UTC
Uptrend, consolidating near the highs · RSI 57 · price 0.70359
Higher highs and higher lows since the 0.6894 low; three-day range 0.6994-0.7038 being pressed at the top.
AUDUSD has printed higher highs and higher lows since the 0.6894 low, with hawkish RBA repricing and a softer USD driving the leg back above 0.7000. Price has spent three days in a tight range between the 0.6994 swing low and 0.7036, and is now pressing the 0.7039 window high. EMA20 sits above EMA50 and ATR(14) has compressed to about 17 pips from 25-30 during the earlier selloff, a profile consistent with a pending range break.
Support: 0.70044, 0.69936, 0.69829
Resistance: 0.70387, 0.7070, 0.7100
What it said to watch
- H4 close above the 0.7039 window high breaks the three-day range and opens the 0.7070 sma cluster, with the 0.7100 round number above
- A close back below the 0.7004 range low and the 0.6994 swing low breaks the higher-low sequence and exposes the fib 38.2 at 0.6983
- A break under the higher-lows trendline from 0.6894 shifts the structure from trend to range
- AU Q3 CPI (Wed 00:30 UTC) and the FOMC decision (Wed 18:00 UTC) could materially shift this read
- Rejection at 0.7039 leaves a double cap at the window highs and keeps the range intact