21:03 UTC
Downtrend, deeply oversold · RSI 31 · price 0.68908
Lower highs and lower lows since early May.
AUDUSD has carved a steady downtrend off the 0.7277 high in early May, printing lower highs and lower lows with price trading well below a falling EM(50). The pair broke down from the 0.6990–0.7050 consolidation last week and is now pressing into the 0.6880 zone, with the move driven by a hawkish-Fed/risk-off USD that overrode a firm AU jobs print. Daily RSI near 30 marks genuine oversold territory, but no higher low has formed to break the sequence.
Support: 0.6835, 0.6880
Resistance: 0.6950, 0.7008, 0.7050
What it said to watch
- Daily close below 0.6835 extends the downswing toward fresh lows
- A reclaim of 0.6950 would be the first sign of stabilisation
- RBA Minutes (Tue) and US payrolls next week are the cross's key catalysts