Lower highs from 0.7277, base building near 0.7100.
Price has rolled over from the 0.7277 peak earlier in the month into a sequence of lower highs, with the 0.7100 swing low now defending the downside after softer Australian inflation data pressured AUD this week. The 0.7079–0.7100 zone has held twice, and the recent compression beneath 0.7180 has a falling-wedge shape with mild bullish RSI divergence. Both EMA20 and EMA50 cap rallies overhead, keeping the broader downtrend intact.
Support: 0.7100, 0.7079, 0.7086
Resistance: 0.7182, 0.7227, 0.7277
What it said to watch
H4 close above 0.7182 swing high would break the lower-high sequence
Loss of 0.7079 range low confirms downtrend extension
Fed speakers (Jefferson, Lane) in Tokyo could shift USD tone
17:01 UTC
Downtrend, base attempt · RSI 42 · price 0.71359
Lower highs from 0.7277, basing near 0.7100-0.7140.
Price rolled over from the 0.7277 swing high into a clear sequence of lower highs, with the 0.7080-0.7100 swing low absorbing the first leg down. Last two weeks have churned in a 0.7100-0.7180 range with ATR(14) compressing — basing attempt rather than impulsive continuation, but both EMAs cap rallies from above. Recent rejection at 0.7180 prior high keeps the bearish read intact.
Support: 0.7124, 0.70864, 0.70792
Resistance: 0.7180, 0.7203, 0.7250
What it said to watch
H4 close above 0.7180 prior high neutralises the lower-high sequence
Break of 0.70864 swing low confirms downtrend extension
Sustained hold of 0.7100 range floor with RSI divergence would signal base completion
AUDUSD has rolled over from the 0.7277 swing high earlier in the month, printing a clear sequence of lower highs and basing into the 0.7130 swing low area. Price has spent the last several sessions consolidating below the 0.7182 prior high with EMA20 and EMA50 capping rallies, and BBH commentary citing AU-US 2y spreads pointing back toward 0.7000 fits the structural read. Momentum is fading rather than impulsive — RSI hovering in the low 40s with ATR compressing into the range.
Support: 0.7108, 0.7079, 0.7000
Resistance: 0.7182, 0.7227, 0.7277
What it said to watch
H4 close below 0.7108 swing low opens path to 0.7079 range low and 0.7000 psych
Reclaim of 0.7182 prior high would neutralise the lower-high sequence
Break back above the 0.7227 ema50 needed to challenge 0.7277 swing high
09:01 UTC
Downtrend, near range lows · RSI 41 · price 0.71374
Lower highs since 0.7277 peak, retesting 0.7137 support.
Price rolled over from the 0.7277 swing high and has carved a sequence of lower highs, with the latest rejection at 0.7181 capped under the EMA50. The current bar closed at 0.7137 — right on the prior swing low — leaving the pair pressing the lower edge of a multi-week range. ATR(14) has compressed alongside the drift, and broader risk tone remains hostage to US-Iran headlines noted in the wires.
Support: 0.7137, 0.70864, 0.70792
Resistance: 0.71815, 0.72047, 0.72277
What it said to watch
H4 close below 0.7137 swing low opens 0.7086 / 0.7079 range low
Reclaim of 0.7181 prior high would neutralise the lower-high structure
Ongoing US-Iran headline risk could materially shift this read
05:01 UTC
Downtrend, momentum stabilising near range lows · RSI 46 · price 0.71594
Lower highs since 0.7277, basing above 0.7080.
AUDUSD has rolled over from the 0.7277 month high into a sequence of lower highs, with last week's flush into 0.7079 marking the current range low. Price has since base-built between 0.7108 and 0.7182, and the softer-than-expected April CPI print today knocked the pair back toward mid-range. EMA50 caps overhead near 0.7205 while ATR(14) compression points to a coiled range rather than fresh impulse.
Support: 0.7108, 0.7079, 0.7086
Resistance: 0.7182, 0.7205, 0.7277
What it said to watch
H4 close above 0.7182 swing high opens path back to the 0.7205 ema50
Break of 0.7108 swing low exposes the 0.7079 range low
Sustained rejection at ema50 would confirm the lower-highs read
01:01 UTC
Downtrend, base forming · RSI 48 · price 0.7171
Lower highs from 0.7277, basing above 0.7080.
Price has carved a clean sequence of lower highs from the 0.7277 month high, with each push down stalling above 0.7080 to form a falling wedge. The last week has been compression between 0.7150 and 0.7180, with price now coiling under the EMA20 at ~0.7180. ATR(14) has compressed to ~25 pips on H4, signalling breakout pending.
Support: 0.7129, 0.7080, 0.7000
Resistance: 0.7180, 0.7240, 0.7277
What it said to watch
H4 close above 0.7180 ema20 challenges the lower-high structure
Loss of 0.7129 swing low reopens the 0.7080 range low
Australian April CPI on Wednesday is the next material catalyst