21:03 UTC
Uptrend, momentum strong post-breakout · RSI 65 · price 0.70395
Higher highs, higher lows since late-month low.
AUDUSD has cleared the 0.7000 psych pivot and reclaimed both EMAs, printing a fresh cycle high at 0.70441 — the leg is a broad USD-weakness story following the dovish-leaning Fed rather than domestic AUD strength. Structure is a clean sequence of higher highs and higher lows off the 0.6922 low, with price now consolidating just under the 0.70441 high. ATR remains moderate outside the breakout bars, so the advance has been orderly rather than climactic.
Support: 0.7025, 0.7000, 0.6950
Resistance: 0.70441, 0.7050
What it said to watch
- H4 close back below 0.7000 would break the higher-low sequence and reassert the China drag
- Break of 0.70441 opens the path toward the mid-June highs
- ISM Manufacturing PMI Aug 3 could shift the broad USD tone driving this move