21:03 UTC
Downtrend, momentum slowing · RSI 41 · price 0.68908
Lower highs and lows, oversold consolidation near lows.
AUDUSD remains in a clean multi-week downtrend, printing successive lower highs and lower lows from the 0.7185 area down to the 0.6875 swing low, with price now pinned in a 0.6880-0.6920 band. The slide held despite a strong jobs beat (40.3K vs 25K) as hawkish-Fed USD strength dominated the cross. ATR has compressed into the low 20-pip range, consistent with oversold consolidation against the lows.
Support: 0.6875, 0.6835
Resistance: 0.6920, 0.6950, 0.6927
What it said to watch
- H4 close below 0.6835 extends the downtrend
- Reclaim above 0.6950 signals stabilisation
- RBA Bullock / Meeting Minutes could shift this read
- US ADP/ISM (Jul 1) a key external catalyst for the cross