21:01 UTC
Uptrend, momentum stalling near range top · RSI 54 · price 0.71313
Higher highs since late March, capped by 0.7270 supply.
Two-month uptrend off the late-March 0.6833 low remains intact, with price holding above the rising EMA50 near 0.7022. The 0.7277 swing high from mid-May capped the advance and price has since drifted into a consolidation between 0.7115 and 0.7185. Risk-on flows from the reported US–Iran MOU lifted AUDUSD off this week's swing low but the daily close still sits below EMA20.
Support: 0.7115, 0.7022
Resistance: 0.7185, 0.7227, 0.7277
What it said to watch
- Daily close above 0.7185 reopens the path to the 0.7277 may high
- Loss of the 0.7115 swing low breaks the higher-low sequence and exposes ema50 near 0.7022
- Trump approval or rejection of the US–Iran MOU could materially shift this read via risk sentiment