21:03 UTC
Downtrend, accelerating · RSI 29 · price 0.70417
Range break lower, fresh lows.
AUDUSD held a two-week 0.7100-0.7180 range before the last two bars sliced through the 0.7120 pivot and the 0.7100 prior floor, an extension of dollar strength after the blowout US NFP print. Price is now pressing the 0.7040 range floor with RSI oversold and well below both EMAs. ATR(14) has expanded sharply on the breakdown, consistent with a trend leg rather than noise.
Support: 0.7040, 0.7000
Resistance: 0.7100, 0.7120, 0.7165
What it said to watch
- H4 close back above 0.7100 prior floor negates the breakdown
- Sustained trade below 0.7040 range floor opens 0.7000 psych
- Reclaim of 0.7120 pivot re-targets the 0.7165 cap
- US CPI Jun 10 could materially shift this read