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, momentum slowing · RSI 42 · price 0.69597
Lower highs since late-April, ranging above 0.6900.
Downtrend since the late-April peak at 0.7277, a clean chain of lower highs into a mid-June trough near 0.6865. Price has consolidated between 0.6900 and 0.7025 over the last several weeks and sits below both EMA(20) and EMA(50); this week's soft June CPI (3.8% vs 4%) gutted RBA hike odds and produced three straight down days back toward the 200-DMA at 0.6900.
Support: 0.6900, 0.68649
Resistance: 0.7025, 0.72772
What it said to watch
- D1 close below 0.6900 (200-dma) opens fresh multi-week lows
- A close above 0.7025 neutralises the lower-high structure
- US ECI/PPI Fri 01:30 UTC could shift the USD-side read
21:03 UTC
Downtrend, lower highs since May · RSI 43 · price 0.69597
Sequence of lower highs, coiling above 0.6900.
AUDUSD has traced lower highs since the early-May peak near 0.7277, unwinding into the low-0.6900s after the June CPI miss (3.8% vs 4%) gutted RBA hike odds and a hawkish Fed hold added USD tailwind. Price sits below both EMA20 and EMA50 with three straight down days into the 0.6920 two-week low, and the 0.6900 200-DMA / March trough is the pivotal floor. Rallies have repeatedly capped short of the 0.7025 resistance that defines the near-term ceiling.
Support: 0.6900, 0.6920, 0.6882
Resistance: 0.6965, 0.7025
What it said to watch
- Daily close below 0.6900 200-dma confirms a lower low and opens fresh multi-week downside
- Reclaim of 0.7025 neutralises the lower-highs structure
- US ECI/PPI and next week's ISM are the dominant near-term USD drivers for this pair