21:04 UTC
Downtrend, corrective bounce · RSI 61 · price 0.69347
Lower highs since mid-window, base building near 0.6890.
AUDUSD carved a multi-day decline from 0.7075 to the 0.6882 base, then rounded higher after the weak US NFP miss (57K vs 110K) trimmed Fed-hike bets and pressured the dollar. Price now sits above both EMAs with a fresh bullish EMA cross, having reclaimed 0.6940/200-DMA, though the broader structure remains corrective within a 0.6882-0.6980 range. ATR near 63 pips shows moderate expansion into the bounce.
Support: 0.6910, 0.6882, 0.6865
Resistance: 0.6949, 0.6980, 0.7018
What it said to watch
- H4 close above 0.6949 opens the path toward the 0.6980 range top
- Failure to hold 0.6910 reopens the 0.6882 base
- TD-MI Inflation Gauge (Mon 01:00 UTC) and US ISM Services (Mon 14:00 UTC) could shift the read