Every read JAFX AI made on the AUD/USD weekly chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
19:03 UTC
Uptrend, momentum stalling · RSI 48 · price 0.6956
Pullback within multi-quarter uptrend.
Macro uptrend from the April 2025 low at 0.5913, extended to a 0.7277 prior high in April 2026 before the current pullback; price holds above a rising W1 EMA(50), so the regime stays intact. The Aussie's recent bid is USD-weakness driven — soft US GDP and PCE plus stretched dollar longs — rather than domestic, with a soft Q2 CPI pricing out RBA hikes. Momentum has stalled below the 0.7000 round number, and the 0.6875 swing low is the near reference on this pullback.
Support: 0.6875, 0.6800, 0.6760
Resistance: 0.7000, 0.7277
What it said to watch
- Weekly close below the 0.6875 swing low would confirm a lower low and threaten the uptrend
- Reclaim of the 0.7000 round number needed to re-engage the 0.7277 prior high
- US ISM and payrolls week could materially shift this USD-driven read
19:03 UTC
Uptrend, momentum slowing · RSI 46 · price 0.6956
Multi-quarter uptrend correcting from April high.
AUDUSD ran a broad multi-quarter uptrend from the 0.5913 low in Q2 2025 to the 0.7280 prior high in April 2026, and price now sits in correction just below the 0.7000 psych level at 0.6956. The pullback holds above rising W1 EME(50), so macro structure is intact, but the rejection off 0.7280 and the slide back below the 0.70 big figure show momentum fading. The 23.6% retracement of the whole advance sits right at current price; the 0.6875 swing low and 0.6640 base are the deeper structural references below.
Support: 0.6875, 0.6640
Resistance: 0.7000, 0.7280
What it said to watch
- Weekly close below 0.6875 swing low breaks the uptrend line and opens the 0.6640 base
- Reclaim and hold above 0.7000 psych keeps the uptrend correction shallow
- US ISM/payrolls week — a stabilising USD would pressure this pullback further