21:04 UTC
Rolling over from uptrend into downtrend · RSI 34 · price 0.70269
Lower highs since early-May top, fresh 8-week low.
AUDUSD topped out near 0.7277 in early May after the multi-week climb off the late-March 0.6853 low, printing a double top before rolling over. Price has now broken the 0.7127 shelf and pressed to an 8-week low at 0.70048 after Friday's blowout US NFP entrenched a firmer dollar and faded RBA hike bets. D1 RSI sits in the mid-30s with price trading below both EMA(20) and EMA(50), confirming the trend shift lower toward the 0.7000 handle.
Support: 0.70048, 0.7000, 0.68528
Resistance: 0.7127, 0.71876, 0.72772
What it said to watch
- Daily close below 0.70000 psych confirms continuation lower
- Reclaim of 0.71270 would neutralise the breakdown
- US CPI and RBA decision Jun 16 could materially shift this read