Lower highs since Monday, consolidating above 0.7122.
The week opened near 0.7180 and gapped lower on Tuesday's Q1 GDP miss; the bounce that followed faltered under 0.7188 and price has drifted into the low 0.7130s. Trading below EMA(20) and EMA(50) with RSI(14) holding in the low-40s, sellers have set successive lower highs while 0.7122 has so far absorbed dips. The pair sits pinned near support into Friday's US payrolls.
Support: 0.71221, 0.7120
Resistance: 0.71475, 0.7180
What it said to watch
Hourly close above 0.71475 breaks the lower-high sequence
Failure to hold 0.7122 opens the path toward 0.7120 and below
US NFP in ~15h is the dominant cross-driver and could reset this range
22:02 UTC
Downtrend, momentum slowing near support · RSI 42 · price 0.7132
Lower highs into 0.7122 support, late-week consolidation.
AUDUSD has trended lower since Monday's open, with the Q1 GDP miss driving the sharp selloff that defined the week and a sequence of lower highs capping every recovery. Price has coiled into a tight range above the 0.7122 week low through the NY session, holding just under EMA(20) and EMA(50) with RSI(14) sitting in the low 40s. Bullock's cautious-hawkish testimony and the trade surplus beat have helped stabilise sentiment near support, but the structure stays heavy.
Support: 0.7122, 0.7130
Resistance: 0.71475
What it said to watch
Hourly close below 0.7122 confirms a fresh lower-low and breaks the consolidation
Close above 0.71475 breaks the descending lower-highs that have capped the week
US NFP Friday (~15h) could materially shift this read
Price has been grinding lower since Monday's London open, with a clean impulse down through the NY session two days ago breaking the weekly range and printing the 0.71221 week low. The bounce attempt into yesterday's NY session stalled at the 0.71475 session high and price now drifts back toward the lows, sitting well below EMA20 and EMA50 with RSI(14) flattening in the low 40s. Mild bullish RSI divergence against the latest push lower has not translated into any reclaim of structure.
Support: 0.71221, 0.71293
Resistance: 0.71475, 0.71618
What it said to watch
H1 close above 0.71475 session high would break the lower-high sequence
Reclaim of EMA20 near 0.71618 would neutralise the downtrend read
Loss of 0.71221 week low extends the downtrend
Thin calendar into Asia — drift-mode conditions likely until London open
AUDUSD slid through the NY session on Wednesday after stalling at the 0.7184 week high, with the dominant impulse leg taking price from 0.7176 down to 0.7122 by early Thursday Asia. Since then the pair has flattened into a tight consolidation between 0.7129 and 0.7148, with RSI carving a mild bullish divergence as the swing low printed marginally higher. Price remains pinned below the EMA20 around 0.7162 and Bullock's hawkish tone failed to lift the pair beyond the prior high at 0.7148.
Support: 0.71289, 0.71221, 0.7110
Resistance: 0.71484, 0.71618, 0.71846
What it said to watch
H1 close back above 0.7148 prior high opens path to the EMA20 retest
Break of 0.7122 week low confirms continuation of the downtrend toward the 0.7110 round number
US payrolls due in the next session — material risk to this read
19:00 UTC
Downtrend, momentum slowing near range low · RSI 42 · price 0.71383
Lower highs from 0.7189, basing around 0.7130.
AUDUSD has trended lower across the week, with a sharp impulsive drop into the London session yesterday taking price from 0.7165 down to 0.7129 before basing. Since then the pair has consolidated in a tight 0.7130–0.7148 range under EMA20, with RSI(14) flattening near 41 despite price holding the week low — a mild bullish divergence into support. Bullock's hawkish tone earlier capped the bounce attempt into the session high at 0.7147.
Support: 0.7130, 0.7122, 0.7100
Resistance: 0.71475, 0.7160
What it said to watch
H1 close back above 0.7160 (ema20) would neutralise the downtrend read
Break and hold below 0.7130 week low opens 0.7122 swing low and 0.7100 psych
US NFP tomorrow is a material risk to this structural read
AUDUSD slid through the NY session yesterday after Bullock's hawkish tone faded and the USD regained traction, printing a week low at 0.71221 before basing around the 0.7130 psych. Price is pinned below EMA20 and EMA50, with the session high at 0.71485 capping the bounce attempt earlier today and RSI cycling 40-55 on each push. Structure remains a sequence of lower highs from the 0.71845 week high, though the late tape is consolidating in a tight 0.7138-0.7144 range into US hours.
Support: 0.71221, 0.7130, 0.7100
Resistance: 0.71485, 0.71678, 0.71845
What it said to watch
H1 close above 0.71485 session high opens path back to 0.71678 prior swing
Break of 0.71221 week low confirms continuation toward the 0.7100 range floor
US NFP tomorrow flagged by Bessent comments — material risk to this read
17:56 UTC
Downtrend, attempting to base · RSI 43 · price 0.71388
Lower highs from 0.7189, basing near 0.7130.
AUDUSD has been grinding lower since Monday's 0.7189 high, with a clear leg down through the NY session yesterday after US data and Daly's hawkish inflation remarks dragged price into the 0.7122 week low. The NY session today produced a bounce to 0.7148 before fading back below EMA20, leaving price consolidating in a 0.7130–0.7148 band with RSI carving a mild bullish divergence against the lows.
Support: 0.71221, 0.71293, 0.71357
Resistance: 0.71484, 0.71598, 0.71846
What it said to watch
Hourly close below 0.71221 confirms continuation of the lower-low structure
Reclaim of 0.71484 session high reopens the path toward 0.71598 prior high
Tomorrow's US jobs data flagged by Bessent could materially shift this read
16:25 UTC
Downtrend, momentum stalling near range low · RSI 43 · price 0.71407
Lower highs into 0.7130 base, recent bounce capped.
Price has drifted lower since Monday's open near 0.7188, with a sharp leg down during the NY session two days ago dragging the pair into a 0.7122-0.7148 base. Today's NY session attempted a recovery into 0.7147 but rejected, leaving price pinned below EMA20 with RSI(14) stuck in the low 40s. Bullock's hawkish tone briefly lifted AUD before US claims data revived the dollar, keeping the H1 read tilted lower.
Support: 0.7129, 0.71221, 0.7100
Resistance: 0.71475, 0.71678
What it said to watch
Hourly close above 0.71475 session high opens room back to 0.71678 prior high
Break of 0.71221 swing low confirms continuation toward the 0.7100 range floor
Sustained reclaim of EMA20 would neutralise the lower-high structure