Every read JAFX AI made on the AUD/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:04 UTC
Downtrend, base-building near lows · RSI 47 · price 0.69369
Lower highs since May peak, ranging above 0.6860.
AUDUSD has been in a multi-week downtrend since the late-April peak near 0.7277, price trading below a falling EMA(50) with a chain of lower highs. The last two weeks have stabilised in a tight 0.6900–0.6960 band as the pair carves a base above the 0.6860 shelf, with hawkish-RBA vs hawkish-Fed tone keeping direction two-way. RSI sits mid-range, reflecting the sideways cadence rather than a decisive turn.
Support: 0.6900, 0.6860, 0.6835
Resistance: 0.6960, 0.6980
What it said to watch
- Daily close above 0.6980 flips the multi-week structure and negates the lower-high chain
- Failure to hold 0.6900 exposes 0.6860, then structural 0.6835
- US CPI Jul 14 could materially shift this read via broad USD flows
21:04 UTC
Downtrend, near-term basing · RSI 49 · price 0.69369
Lower highs off May peak, mid-June base holding.
Downtrend since the early-May peak near 0.7277, with price holding below EMA50 on D1 and printing a lower-high chain into June. Since the mid-June base around 0.6865 the pair has ground back up, coiling in a 0.6900–0.6960 range over the last two weeks as hawkish-RBA and hawkish-Fed/geopolitical drivers offset. 0.6980 remains the near-term ceiling; a clear break there would challenge the prior swing at 0.7050.
Support: 0.6900, 0.6860, 0.6835
Resistance: 0.6980, 0.7050
What it said to watch
- Daily close above 0.6980 range top flips the near-term downtrend read
- Failure to hold 0.6900 round support exposes 0.6860 key then 0.6835 structural
- US CPI Jul 14 could materially shift this read via broad USD flows