AUDUSD slid from Monday's 0.6993 open to a 0.6875 week low, an extension of the broader downswing as broad USD firmness on Fed-hike pricing overrode an upside AUD jobs beat. Since midweek price has gone sideways in a 0.6880-0.6920 band, capped repeatedly near 0.6920 and trading just under EMA20/EMA50 with RSI cycling around the low 40s. The latest bars are thin weekend liquidity, so the consolidation read holds into the new week.
Support: 0.6875, 0.6835
Resistance: 0.6920, 0.6950, 0.69932
What it said to watch
H1 close above 0.6920 invalidates the consolidation cap and opens 0.6950
Failure to hold 0.6875 confirms a lower-low toward 0.6835 major support
RBA Meeting Minutes Tue 01:30 UTC could shift this read
AUDUSD slid roughly 110 pips off Monday's 0.6998 open into the 0.6875 swing low by midweek, with a soft AU CPI print and broad USD firmness keeping the Aussie offered. Since then price has gone flat in a 0.6880-0.6920 band, RSI(14) hovering mid-40s and price pinned just below EMA20 — the impulse has paused rather than reversed. The 0.6920 cap has held every attempt this week.
Support: 0.6875, 0.6835
Resistance: 0.6920, 0.6950
What it said to watch
H1 close above 0.6920 would break the consolidation cap; only above 0.6950 hints at stabilisation
Failure to hold 0.6875 reopens the path toward 0.6835 major support
RBA Gov Bullock speech is the near-term catalyst that could shift this range read
AUDUSD opened the week near 0.7001 and slid steadily to a 0.68749 low by Friday's London session, a ~2.5% leg lower as broad USD firmness on Fed hike pricing capped the Aussie despite strong jobs. Since then price has compressed into a 0.6880-0.6920 band, with a Thursday NY bounce to 0.69267 fading back below EMA20. RSI(14) sits mid-40s, off oversold but with no upside follow-through.
Support: 0.6875, 0.6835
Resistance: 0.6920, 0.6950
What it said to watch
H1 close above 0.6920 range cap opens the path toward the 0.6950 reclaim level
Failure to hold 0.6875 swing low confirms a lower-low toward 0.6835 major support
RBA Gov Bullock speech and US ADP/ISM next session are the cross's directional catalysts