Every read JAFX AI made on the AUD/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:04 UTC
Downtrend from May, lower highs · RSI 43 · price 0.69561
Sequence of lower highs, coiling above 0.6900.
AUDUSD has traced a clear chain of lower highs since the early-May peak at 0.7277, and price now sits below both EMA20 and a flattening EMA50 as the weekly cadence tilts lower. The last two weeks have coiled in a 0.6960–0.7025 band as the soft Q2 CPI print cemented an RBA pause, keeping the Aussie pinned toward the 200-DMA cluster near 0.6900. RSI in the low-40s reflects the drift lower without yet reaching oversold.
Support: 0.6937, 0.6900, 0.6875
Resistance: 0.6990, 0.7025
What it said to watch
- Daily close below 0.6900 200-dma cluster confirms continuation of the lower-high sequence
- Reclaim of 0.7025 prior high would break the lower-highs structure
- US Core PCE/GDP Thu and RBA Aug 10-11 hold could reshape this read
21:03 UTC
Downtrend since May, lower highs · RSI 43 · price 0.69561
Sequence of lower highs, fading toward 0.6900 support.
The March-May rally topped at 0.72772 in early May; since then AUDUSD has carved a chain of lower highs, and price sits back below both EMA20 and EMA50. Soft Q2 CPI this week cemented an RBA pause and left the Aussie the weakest G10, drifting back toward the 0.6900 200-DMA/March trough cluster after July's rejection near 0.7025. Two July attempts at the 0.7000-0.7025 zone stalled, keeping the multi-week bias cautious into FOMC.
Support: 0.6900, 0.68749
Resistance: 0.70263, 0.72772
What it said to watch
- Daily close below 0.6900 confirms a break of the 200-dma/March trough cluster and opens further downside
- Rejection at the 0.7025 july high keeps the lower-highs sequence intact
- US Core PCE/GDP Thu could materially shift the USD leg of this read