AUDUSD holds ~0.7035 after Thursday's surge cleared the 0.7000 big figure, a leg powered by broad USD selling post-Fed and soft US Q2 GDP rather than domestic strength. Price has consolidated in a tight 0.7000–0.7044 band since, staying above EMA20 with RSI(14) cycling in the mid-50s. The 0.70441 week high has capped attempts, while dips into the NY session have found demand near the 0.7000 big figure.
Support: 0.70019, 0.7000, 0.6950
Resistance: 0.70441
What it said to watch
H1 close above 0.70441 opens the path to fresh multi-week highs
Loss of 0.70019 then 0.7000 big figure exposes the 0.6950 prior low
ISM Manufacturing PMI (Mon 14:00 UTC) could stabilise USD and shift this read
AUDUSD holds near 0.7038 after Thursday's 1%+ surge cleared the 0.7000 figure, powered by broad USD selling post-Fed and soft US Q2 GDP. Price has consolidated in a tight 0.7020–0.7044 band since, sitting above EMA20 and EMA50 with RSI(14) cycling in the mid-50s. Week high at 0.7044 has capped the last several attempts while demand has stepped in above 0.7020.
Support: 0.7020, 0.7000, 0.6991
Resistance: 0.7044, 0.7050
What it said to watch
H1 close above 0.7044 opens the path toward 0.7050
Failure to hold 0.7000 would negate the breakout read
US ISM Manufacturing (Mon 14:00 UTC) and China PMI follow-through could shift this read
Higher highs and higher lows, consolidating below week high.
AUD/USD holds near 0.7035 after Thursday's 1%+ surge cleared the 0.7000 figure, powered by broad USD selling post-Fed and soft US GDP. Price has consolidated in a tight band under the 0.70441 week high with pullbacks to the 0.7000 pivot bought back both times. RSI(14) cycling in the mid-50s reflects momentum easing without a break of structure.
Support: 0.70019, 0.7000, 0.6954
Resistance: 0.70441, 0.7032
What it said to watch
H1 close below 0.7000 breaks the run of higher lows and exposes the 0.6950 zone
Sustained move above 0.70441 opens continuation to fresh multi-week highs
ISM Manufacturing (Mon) and any USD stabilisation could cap this range
18:02 UTC
Uptrend, consolidating near highs · RSI 56 · price 0.70347
Higher highs and higher lows since Wednesday's low.
AUDUSD holds near 0.7035 after Thursday's USD-driven surge cleared the 0.7000 big figure, powered by broad dollar selling post-Fed and soft US GDP. Price has since consolidated in a 0.7000–0.7044 band, holding above EMA20 with RSI(14) cycling in the mid-50s on each pullback. The week high at 0.70441 has capped the last two NY-session attempts.
Support: 0.7019, 0.70019, 0.7000
Resistance: 0.70441
What it said to watch
H1 close above 0.70441 opens continuation toward fresh multi-week highs
Failure to hold 0.7000 negates the breakout and exposes the 0.6950 zone
US ISM Manufacturing Mon could stabilize the USD and shift this read
AUDUSD holds ~0.7026 after Thursday's surge cleared the 0.7000 big figure, a move driven by broad USD selling after the soft US GDP and PCE prints rather than domestic strength. Price has since coiled between the 0.70307 range top and the 0.7000 pivot, with RSI(14) reset back near the mid-50s and price tracking EMA20. A dip to 0.69909 this session was recovered, keeping the breakout structure intact below the 0.70441 week high.
Support: 0.7000, 0.69909, 0.69219
Resistance: 0.70441, 0.70307
What it said to watch
H1 close above 0.70441 week high extends the breakout leg
Loss of 0.7000 big figure reopens the 0.69909 session low and 0.6950 zone
US ISM Manufacturing (Mon) could shift USD tone and this read
AUD/USD surged over 1% into Thursday's NY session, clearing the 0.7000 big figure on broad USD selling after the soft US Q2 GDP and FOMC. Since then price has ranged 0.7002–0.7043, holding above the weekly open at 0.6994 and tracking EMA20, with RSI cooling from overbought back toward the mid-50s as the move digests. The week high at 0.7043 has capped the last two pushes while the session low at 0.7002 has held.
Support: 0.7002, 0.7000, 0.6994
Resistance: 0.7043, 0.7033
What it said to watch
H1 close below 0.7000 big figure negates the breakout and reopens the weekly open at 0.6994
Break above 0.7043 week high extends the impulse toward fresh multi-week highs
US ISM Manufacturing Mon 14:00 UTC could materially shift the USD-driven read
AUDUSD rallied over 1% off Wednesday's CPI-driven low at 0.6924, with broad USD weakness post-Fed and soft US GDP driving the breakout back through 0.7000 to a week high at 0.7044. Since then price has consolidated in the 0.7002–0.7044 band through the NY session, holding above the big figure as RSI cools from its rally peak. Price is now hugging EMA(20) after two rejections near the week high.
Support: 0.7000, 0.70019, 0.69909
Resistance: 0.70441, 0.7035
What it said to watch
H1 close above 0.7044 opens the path back toward the 0.7035–0.7050 zone
Loss of 0.7000 big figure would undo the USD-driven breakout, exposing 0.6990
US ISM Manufacturing PMI Monday could materially shift the USD-led read
Higher highs into 0.7044, now ranging above 0.7000.
AUDUSD rallied off the 0.6920 low mid-week and reclaimed 0.7000, tagging a week high at 0.7044 as broad USD selling post-Fed dominated the tape. Price has since spent two sessions ranging between 0.7000 and 0.7044, coiling around the EMA20 with RSI(14) cycling back to the mid-50s. The recent dip to 0.6991 was bought back, keeping the big figure intact as the pivot for the USD-driven bounce.
Support: 0.7000, 0.6991, 0.6950
Resistance: 0.70441, 0.7035
What it said to watch
H1 close above 0.7044 week high opens the path toward the June 17 extreme
Loss of 0.7000 big figure exposes the 0.6950 pivot and 0.6991 swing low
US ISM Manufacturing (Mon 14:00 UTC) could materially shift the USD-driven read
15:02 UTC
Uptrend, consolidating near highs · RSI 55 · price 0.70233
Higher highs and higher lows, ranging below week high.
AUDUSD cleared the 0.7000 big figure on broad post-Fed USD weakness and soft US GDP, tagging 0.70441 before easing back. Price has held above EMA(20) since the NY session breakout, with the pair now consolidating in a tight 0.7002-0.7044 range. RSI(14) has cooled from the extended push but stays above 50 on pullbacks.
Support: 0.70019, 0.7000, 0.6950
Resistance: 0.70441, 0.7035
What it said to watch
H1 close above 0.70441 opens the path toward the June 17 high near 0.7035 extension
Failure to hold 0.7000 exposes the 0.6950 pivot
ISM Manufacturing PMI Mon and ADP Wed are the next USD-side risks to this read
15:02 UTC
Uptrend, momentum easing · RSI 56 · price 0.70233
Higher highs, consolidating above 0.7000.
AUD cleared the 0.7000 big figure this week on broad post-Fed USD weakness and soft US GDP, tagging a week high of 0.7044 in the NY session. Price has since consolidated above the figure; the last bar swept to 0.6991 and recovered to close near 0.7023, keeping the breakout intact. Price holds above EMA20 and EMA50 with RSI cycling in the mid-50s.
Support: 0.7000, 0.69909, 0.6950
Resistance: 0.70441, 0.7035
What it said to watch
H1 close below 0.7000 negates the breakout and exposes 0.6950
Reclaim of 0.70441 opens the path to the June 17 high near 0.7035-0.7044
US ISM Manufacturing Mon 14:00 UTC could materially shift the USD-driven read
14:02 UTC
Uptrend, pulling back · RSI 43 · price 0.70022
Higher highs into week top, now retracing to 0.7000.
AUD cleared the 0.7000 big figure during Thursday's NY session on broad post-Fed USD selling after soft US GDP and cooler core PCE, tagging a 0.7044 week high — the strongest since mid-June. Price has since faded back to retest the 0.7000 psych level with RSI(14) unwinding from overbought toward 42. Holding above EMA(50) but back below EMA(20) as the pullback develops.
Support: 0.7000, 0.69519, 0.69219
Resistance: 0.70441, 0.7035
What it said to watch
H1 close back below 0.7000 exposes the 0.6950 swing low
Reclaim of 0.70441 week high re-opens the June high near 0.7035+
China data follow-through and USD flow remain the dominant external drivers
AUDUSD cleared the 0.7000 big figure during the NY session on broad post-Fed USD selling and a soft US GDP print, printing a week high at 0.70441 before rolling over. Price has since faded back to the 0.7000 retest zone with RSI(14) cooling from the extreme and price slipping under the EMA(20). Demand around the big figure is being tested; the wider week structure remains higher-highs while 0.7000 holds.
Support: 0.7000, 0.6946, 0.69219
Resistance: 0.70271, 0.70441
What it said to watch
Hourly close below 0.7000 exposes the 0.6946 swing low
Reclaim of the 0.70271 EMA(20) reopens the 0.70441 week high
US UoM inflation expectations / next-week ISM could shift the USD-driven read
13:03 UTC
Uptrend, pulling back from highs · RSI 45 · price 0.70106
Higher highs into Fri, now consolidating below week high.
AUDUSD opened the week near 0.6996, dipped to 0.6922 by Wednesday, then ripped through the 0.7000 big figure on broad post-Fed USD selling and a soft US GDP print, tagging a week high at 0.7044. Price has since drifted back to 0.7011, slipping under EMA(20) as RSI(14) cools toward the mid-40s. The 0.7000 handle is the immediate pivot after this week's breakout.
Support: 0.7000, 0.69835, 0.69219
Resistance: 0.70283, 0.70441
What it said to watch
H1 close back below 0.7000 exposes the 0.6984 swing low and 0.6950 area
Reclaim of 0.70283 EMA20 puts the 0.7044 week high back in play
US Chicago PMI / UoM data today could reshape the USD flow driving this move
AUDUSD cleared the 0.7000 big figure mid-week on broad post-Fed USD selling, extending to a weekly high at 0.70441 before supply capped the move. Price has since drifted back toward 0.7010 during the NY session, slipping under EMA(20) with RSI(14) cooling toward 46. The 0.7000 big figure is the pivot on this pullback, having flipped from resistance to the level buyers are now defending.
Support: 0.7000, 0.69955, 0.6973
Resistance: 0.70326, 0.70441
What it said to watch
H1 close below 0.70000 exposes the weekly open near 0.69955
Reclaim of 0.70326 puts the 0.70441 week high back in play
US UoM sentiment/inflation expectations could shift the USD-driven read
AUDUSD cleared the 0.7000 big figure during the NY session on broad post-Fed USD weakness and soft US GDP, running to a 0.70441 week high before stalling. Price has since drifted back to test EMA20 around 0.7028 and now sits at 0.70171, with RSI cooling toward neutral as the intraday impulse fades. The 0.7000 handle remains the pivot that framed this week's breakout.
Support: 0.7000, 0.69834, 0.69219
Resistance: 0.70441, 0.7028
What it said to watch
H1 close below 0.7000 negates the breakout and exposes 0.6983
Reclaim of 0.70280 EMA20 keeps the 0.70441 week high in play
China data follow-through and USD flow remain the dominant external drivers
AUDUSD ran from Thursday's 0.6920 base up through the 0.7000 big figure and tagged 0.70441 into the NY session, the driver broad post-Fed USD selling after the soft US GDP and cooling PCE rather than domestic strength. Price is now consolidating just under the week high with RSI easing back toward 50 as the last bars fade off 0.70326. The 0.7000 figure sits below as the pivot that framed the breakout.
Support: 0.7000, 0.69834, 0.6950
Resistance: 0.70441, 0.70326
What it said to watch
H1 close below 0.7000 exposes the 0.6950 area then the two-week low near 0.6920
Reclaim of 0.70326 reopens the 0.70441 week high
US ISM Manufacturing (Mon) and ECI/UoM data could shift the USD-driven read
AUD/USD reclaimed 0.7000 and ran to a week high near 0.70441 on broad USD weakness after soft US GDP and cooler core PCE, not on its own story. Price has stalled in a tight consolidation between 0.7020 and 0.7044 since the NY push, holding well above EMA20 with RSI cycling in the mid-50s. Two attempts at 0.7044 have been capped, keeping the pair pinned to the range top.
Support: 0.7020, 0.7000, 0.69745
Resistance: 0.70441, 0.7033
What it said to watch
H1 close above 0.70441 opens the path toward fresh multi-week highs
Loss of 0.70200 range floor exposes the 0.7000 psych level
US NFP and ISM Manufacturing are the dominant swing risks and could reshape this read
AUDUSD ran roughly +1% off the 0.6920 area this week to reclaim 0.7000, the move driven by broad USD weakness after the Fed hold and soft US GDP/PCE. Since the NY push through 0.7015 the pair has coiled between 0.70173 and the 0.70441 week high, holding above EMA20 with RSI(14) cycling in the 55–65 band. Buyers have defended the 0.7020 range floor while supply caps repeatedly at the week high.
Support: 0.70173, 0.7000, 0.6954
Resistance: 0.70441, 0.70326
What it said to watch
H1 close above 0.70441 opens the path to fresh multi-week highs
Failure to hold 0.70000 reopens the 0.6950 swing-low zone
US NFP reaction is the dominant near-term swing risk for this pair
10:02 UTC
Uptrend, consolidating near highs · RSI 61 · price 0.70329
Higher highs off 0.6920 low, now ranging under 0.7044.
AUDUSD ran roughly +1% off the 0.6920 low into Thursday's NY session, reclaiming 0.7000 on broad USD weakness after soft US GDP and the Fed reaction. Price has since coiled between 0.7020 and the 0.7044 week high, holding above EMA20 with RSI cycling in the 55-65 band on each pullback. The 0.7035 2026 high area is the immediate cap on this consolidation.
Support: 0.7020, 0.7000, 0.6975
Resistance: 0.7044, 0.7035
What it said to watch
H1 close above 0.7044 opens the path to fresh multi-week highs
Loss of 0.7020 followed by a break of 0.7000 would confirm a lower-low and unwind the reclaim
US ECI (12:30 UTC) and UoM inflation expectations (14:00 UTC) could shift this read within the next bars
10:02 UTC
Uptrend, extended near highs · RSI 64 · price 0.70329
Higher highs, higher lows since Wed low.
AUDUSD rallied off Wednesday's 0.6920 low on broad USD weakness post-Fed and the soft US GDP/PCE prints, reclaiming 0.7000 and printing a week high at 0.7044. Price now consolidates just under that high, holding above EMA20 and EMA50 with RSI(14) in the low-60s. The 0.7020 area has capped downside on each pullback this NY-Asia stretch.
Support: 0.7020, 0.7000, 0.69834
Resistance: 0.70441, 0.7050
What it said to watch
H1 close below 0.7000 invalidates the reclaimed-pivot read
Break and hold above 0.70441 opens path toward 0.7050
US NFP and UoM inflation expectations could shift the USD-driven move
09:03 UTC
Uptrend, consolidating near highs · RSI 63 · price 0.70423
Higher highs and higher lows, breakout above 0.7000 holding.
AUDUSD cleared 0.7000 into Thursday's NY session on broad post-Fed USD weakness after the soft US GDP and core PCE prints, not local strength — the RBA hike is priced out after Wednesday's CPI miss. Price has since coiled in a tight 0.7017–0.7043 range, holding above EMA20 with RSI(14) sitting mid-60s. The 0.70434 week high has capped the last two pushes.
Support: 0.7027, 0.7017, 0.7000
Resistance: 0.70434
What it said to watch
H1 close above 0.70434 extends the breakout toward higher ground
Loss of 0.70000 psych level would negate the USD-driven breakout
US ECI and Michigan sentiment at 12:30/14:00 GMT could reset the USD leg
AUDUSD ran from Wednesday's 0.6922 low back above 0.7000 on broad post-Fed USD weakness rather than local strength, with the dovish CPI miss keeping the story two-way. Price has since coiled between 0.7017 and 0.7043 through the NY session, holding above EMA20 with RSI cycling in the 55-65 zone. The 0.7000 big figure has flipped to support and caps the pullback risk while the range top at 0.7043 remains untested for a second time.
Support: 0.7017, 0.7000, 0.69745
Resistance: 0.70434
What it said to watch
H1 close above 0.70434 extends the week's uptrend
Failure to hold 0.70000 reopens the 0.6965 zone
US ECI and Michigan sentiment today could shift the USD leg driving this move
AUD rallied over 1% from Wednesday's 0.6920 low to reclaim the 0.7000 handle, driven by broad USD weakness after soft US Q2 GDP and core PCE prints. Since the NY session the pair has consolidated just under the 0.70379 week high, with pullbacks holding above EMA20 near 0.7024 and RSI cooling out of the mid-60s. Range low at 0.7020 has been defended repeatedly through the Asia session.
Support: 0.7024, 0.7020, 0.7000
Resistance: 0.70379, 0.7050
What it said to watch
H1 close above 0.70379 opens the path toward the 0.7050 round number
Loss of the 0.7020 range low exposes the 0.7000 psych handle
US ISM Manufacturing (Aug 3) and China follow-through could shift the read
08:02 UTC
Uptrend, momentum cooling into range · RSI 62 · price 0.70301
Higher highs since Thursday, now consolidating below week high.
AUD popped over 1% off the mid-week 0.6920 lows to reclaim the 0.7000 handle, the leg driven by broad USD weakness after soft US Q2 GDP and cool core PCE. Price has since flattened into a tight 0.7020–0.7037 range, holding above EMA20 with RSI(14) cooling from the rally peak. China's sub-50 manufacturing PMI (49.2) is capping the upside as the week's dominant NY-session move loses pace.
Support: 0.7020, 0.7000, 0.6975
Resistance: 0.70379, 0.7032
What it said to watch
H1 close below 0.7000 reopens the path toward the 0.6950 zone
Break and hold above 0.70379 extends the reclaimed uptrend
US ECI / Chicago PMI today could shift the USD-driven read
Higher highs and higher lows, ranging under week high.
AUDUSD cleared 0.7000 mid-week on broad USD weakness after the dovish Fed hold and soft US GDP/PCE, extending to a 0.70379 week high before settling into a tight range above the big figure. Price has held above EMA20 since the breakout, with RSI(14) cycling in the 55-65 zone on each pullback rather than rolling over. Buyers have defended the 0.70195 range floor repeatedly while the 0.70379 high caps the top.
Support: 0.70195, 0.70054, 0.7000
Resistance: 0.70379, 0.70326
What it said to watch
H1 close back below 0.7000 would negate the post-Fed break and open the 0.6965/0.6950 zone
Break and hold above 0.70379 week high extends the rally
US ECI / Chicago PMI today could shift USD direction and this read
07:02 UTC
Uptrend, consolidating near highs · RSI 61 · price 0.70318
Higher highs since Fed reversal, flagging under week high.
AUDUSD reversed from the 0.6920 two-week low and cleared the 0.7000 big figure after the dovish Fed hold and softer US GDP/PCE dented the dollar. Price has held above EMA20 through the NY-to-Asia transition, consolidating in a tight flag just under the 0.70379 week high with RSI cycling in the 58-62 zone. The 0.7000 handle is now the reclaimed pivot underpinning the range floor.
Support: 0.7000, 0.7018, 0.6965
Resistance: 0.70379, 0.7050
What it said to watch
H1 close back below 0.7000 reopens rotation toward 0.6965/0.6920
Break and hold above 0.70379 week high opens the 0.7050 round number
US ECI / Chicago PMI today could stabilise USD and cap this rally
AUDUSD cleared the 0.7000 big figure in Thursday's NY session as broad USD selling followed the soft US GDP and cooler core PCE, reversing the week's earlier dip to the 0.6920 low. Price now consolidates in a tight 0.7020–0.7033 band well above EMA20 and EMA50, with the weekly high at 0.7033 capping upside. RSI(14) has cooled from the breakout spike toward mid-range as the move digests.
Support: 0.7020, 0.7000, 0.6920
Resistance: 0.70327
What it said to watch
H1 close above 0.7033 extends the breakout run
Failure to hold 0.7000 big figure opens the 0.6950/0.6920 zone
US ECI / Chicago PMI data today could shift the USD-driven read
06:02 UTC
Uptrend, momentum flattening near week high · RSI 59 · price 0.70285
Higher highs into consolidation below week high.
AUDUSD ripped higher through the NY session Thursday, clearing the 0.7000 big figure on broad USD selling after soft US Q2 GDP and cooler core PCE undercut the hawkish Fed hold. Price has since gone sideways in a tight 0.70173–0.70327 band, holding well above EMA20 with RSI cycling in the upper half. The 0.7000 reclaim is the pivot for this week's structure; consolidation is sitting just under the week high.
Support: 0.70173, 0.7000, 0.6945
Resistance: 0.70327, 0.7024
What it said to watch
H1 close above 0.70327 extends the breakout toward fresh week highs
Loss of 0.70173 range low opens a retest of the 0.7000 big figure
Renewed USD strength or second-round Yen intervention could drag AUDUSD back through 0.7000 toward the 0.6950/0.6920 zone
AUD/USD ripped higher through the Thursday NY session, clearing 0.7000 as the USD tumbled on soft Q2 GDP and cooling core PCE alongside suspected Tokyo JPY intervention. Price has since gone sideways in a tight 0.7017–0.7033 band, holding above the reclaimed 0.7000 figure with RSI(14) easing from overbought into the low 60s. The 0.70327 week high has capped this consolidation while the breakout base near 0.6984 has yet to be retested.
Support: 0.7000, 0.69835, 0.6950
Resistance: 0.70327
What it said to watch
H1 close back below 0.7000 opens the path toward the 0.6950 session low
Break and hold above 0.70327 extends the breakout
US ECI / Chicago PMI today could shift the USD-led move
04:02 UTC
Uptrend, consolidating near highs · RSI 59 · price 0.70253
Higher highs and higher lows since Thursday's low.
AUDUSD rallied hard off Thursday's 0.6922 low into the NY session as broad USD weakness post-Fed and the soft US GDP/PCE prints overrode a dovish Australian CPI. Price cleared the 0.7015 zone and has since coiled just under the 0.70327 week high, holding above EMA20 with RSI cycling in the upper half. The 0.7024 SocGen level flagged in the digest is being tested repeatedly.
Support: 0.7015, 0.7000, 0.69743
Resistance: 0.70327, 0.7024
What it said to watch
H1 close above 0.70327 opens higher projection targets
Failure to hold the 0.7015 breakout retest reopens the 0.7000 round number
US ECI/Chicago PMI today and Friday's BoJ decision could shift this USD-driven read
04:02 UTC
Uptrend, consolidating near highs · RSI 56 · price 0.70253
Higher lows into week-high resistance.
AUD/USD ripped off Wednesday's 0.6923 CPI trough and broke above 0.7015 during the NY session as post-Fed USD weakness overrode the soft Aussie print. Price has since gone into a tight consolidation between 0.7017 and the 0.7033 week high, holding above EMA(20) with RSI(14) cooling from the rally into the mid-50s. The 0.7025 SocGen pivot is now trading as a floor rather than a cap.
Support: 0.7017, 0.7000, 0.69235
Resistance: 0.70327, 0.7025
What it said to watch
H1 close above 0.70327 week high opens higher projection targets
Failure to hold the 0.7017 range floor exposes 0.7000 psych
US ECI/Chicago PMI today and Friday BoJ decision could shift this read
03:02 UTC
Uptrend, consolidating near highs · RSI 60 · price 0.70237
Higher highs since Wednesday low, holding below week high.
AUD/USD broke out during the NY session on Thursday, gaining over 0.8% to ~0.7024 as post-Fed USD weakness overrode a soft Aussie CPI. Price cleared the 0.7015 zone and pushed the week high to 0.7033, and has since consolidated in a tight 0.7020-0.7033 band holding above EMA(20). Resistance at 0.7033 has capped three attempts while demand steps in around the 0.7015 breakout retest.
Support: 0.7015, 0.6998, 0.6990
Resistance: 0.7033, 0.7025
What it said to watch
H1 close above 0.7033 opens the path higher toward SocGen projection targets
Failure to hold 0.7015 breakout would confirm a lower-low back toward 0.6998 weekly open
AUD PMIs Tue and Trade Balance Wed are upcoming risk that could shift this read
Higher highs and higher lows since Wednesday's trough.
AUD/USD reversed the early-week dip that defended 0.6920 and broke higher into the NY session as a dovishly-received Fed hold and soft US GDP/PCE sank the dollar, printing a week high at 0.70327. Price has since coiled in a tight 0.7017–0.7032 band, holding well above EMA(20) with RSI(14) cooling from overbought but staying north of 60. The 0.7032 area has capped the last several hours.
Support: 0.70173, 0.69745, 0.6998
Resistance: 0.70327, 0.70255
What it said to watch
H1 close above 0.70327 extends the breakout toward higher projection
Failure to hold 0.70173 opens a deeper pullback into the breakout base
US UoM inflation expectations / ECI today could re-arm the dollar and shift this read
02:02 UTC
Uptrend, consolidating near highs · RSI 62 · price 0.70228
Higher highs and higher lows since Thursday.
AUDUSD ripped from the 0.6920 low on Thursday's NY session as the USD collapsed post-Fed and on suspected JPY intervention, clearing 0.70152 and printing a week high at 0.70327. Price has since traded a tight range above the 0.70173 range floor with RSI(14) holding in the low-60s, sitting above both EMA(20) and EMA(50). The impulse off Thursday's low remains intact while higher lows hold.
Support: 0.70173, 0.70051, 0.7000
Resistance: 0.70327
What it said to watch
H1 close above 0.70327 week high extends the impulse
Loss of 0.70173 range floor and the weekly open at 0.70051 would break the higher-low sequence
BoJ Friday and month-end USD flows could reshuffle this AUD read via the crosses
AUDUSD ripped higher through the NY session as the USD collapsed post-Fed on soft GDP and Core PCE, breaking 0.70152 and peaking at 0.70327 — the week high. Price has since gone sideways in a tight 0.7017–0.7033 band, holding well above EMA20 with RSI(14) cooling from the extension. The move is dollar-driven, not Aussie strength, after the soft domestic CPI earlier this week.
Support: 0.70173, 0.70152, 0.6983
Resistance: 0.70327, 0.7025
What it said to watch
H1 close above 0.70327 opens continuation toward higher targets
Loss of 0.70152 breakout level exposes 0.6983 EMA20 pullback
US ECI / Chicago PMI today could stabilise the USD and cap this read
Higher highs since midweek low, holding near week top.
AUD/USD ripped off the 0.6920 midweek trough after the Fed's hawkish hold failed to stick and broad USD selling took over, clearing 0.7015 on the impulse. Price has since consolidated tightly above 0.7025 near the 0.7033 week high, holding well above EMA20 with RSI(14) elevated in the mid-60s. The breakout base at 0.7015 has capped pullbacks so far.
Support: 0.7015, 0.7000, 0.6993
Resistance: 0.7033, 0.7050
What it said to watch
Loss of 0.7015 breakout base would signal the impulse is fading toward the 0.7000 psych level
Sustained H1 close above 0.7033 week high opens room toward 0.7050
US ECI and UoM inflation expectations later today could shift the USD-weakness driver behind this move
AUDUSD ripped ~0.8% off the 0.6920 two-week low into 0.7033 as broad USD selling after the Fed's hawkish hold and soft US GDP/PCE overrode the earlier drag from a softer Aussie CPI. Price is now holding above the 0.7025 pivot and consolidating just under the week high with RSI(14) elevated near 66 and both EMAs beneath price. The dominant leg came during the NY-into-Asia transition; pullbacks this week have found the rising higher-lows line.
Support: 0.7017, 0.6983, 0.6920
Resistance: 0.7033, 0.7025
What it said to watch
H1 close above 0.7033 opens the path toward higher projection targets
Failure to hold 0.7017 threatens the consolidation and reopens 0.6983
US ECI 12:30 GMT and UoM inflation expectations 14:00 GMT could shift the USD leg driving this pair
Higher highs and higher lows since week low, consolidating below week high.
A strong recovery through the NY session lifted AUDUSD off the 0.6920 week low, breaking 0.70150 and printing a 0.70327 week high as USD softened on the Q2 GDP miss. Softer AUD June CPI had capped early-week attempts, but price now sits above EMA20 with RSI cycling in the low 60s. The last several bars have coiled just under the week high, with the 0.70000 round number and EMA20 stacked below as support.
Support: 0.7015, 0.7000, 0.69745
Resistance: 0.70327
What it said to watch
H1 close above 0.70327 opens continuation higher
Failure to hold 0.70150 exposes the 0.70000 round number
AUD Trade Balance / US ISM risk ahead could shift this read
Higher highs since mid-week reversal, consolidating below week high.
AUDUSD reversed sharply off Wednesday's 0.6920 two-week low and pushed through the 0.7025 resistance flagged in the macro read, extending into the NY session to a week high at 0.70327 before stalling. Building Permits beat and USD softness after the GDP miss underpinned the recovery despite the broader RBA-cut narrative. Price is now consolidating in a tight 0.7020–0.7032 band with RSI elevated but flattening.
Support: 0.7020, 0.7000, 0.6950
Resistance: 0.70327, 0.7050
What it said to watch
Hourly close back below 0.7000 round number would negate the breakout
Sustained hold above 0.70327 week high opens room toward 0.7050
S&P Global Services PMI (Aug 4) and Trade Balance (Aug 6) are the next catalysts for this read