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
Recovery uptrend off June lows, momentum steady · RSI 61 · price 0.70645
Higher lows since mid-June, capped near 0.7075.
AUDUSD has ground higher for roughly six weeks off the mid-June double bottom near 0.6875, reclaiming and holding above the 50-day EMA around 0.7000 as a softer USD did most of the lifting after Friday's shock -23K NFP. Price is now pressing the 0.7075 resistance shelf with RSI mid-range, leaving room before overbought. The move has been a gentle weekly grind rather than an impulsive advance.
Support: 0.7000, 0.6900, 0.68749
Resistance: 0.70772, 0.7100
What it said to watch
- RBA decision + statement Tue and US CPI Wed can materially shift this read
- Sustained daily close above 0.7075 opens the 0.7100 area
- Loss of 0.7000 50-day EMA would break the higher-low sequence toward 0.6900
21:04 UTC
Recovery uptrend off June low · RSI 61 · price 0.70645
Higher lows since mid-June, grinding toward range cap.
AUDUSD has carved a steady chain of higher lows since the mid-June trough at 0.6882, reclaiming the EMA(50) (~0.7000) and printing a seven-week high near 0.7077 as a softer USD did most of the work post the -23K NFP shock. Price sits mid-way through the May-to-June decline (fib 50% ~0.7079) and is capped at the 0.7075 area, with the June base forming a rounded bottom. EMA(50) is turning higher, confirming the swing tilt is up while price holds above 0.7000.
Support: 0.7000, 0.6882
Resistance: 0.7075, 0.7100
What it said to watch
- RBA rate decision + Bullock presser Tue 11 Aug could materially shift this read
- Daily close above 0.7075 opens the path to 0.7100
- Failure to hold 0.7000 (ema50) would break the higher-low sequence
- US CPI Wed 12 Aug is the key USD swing factor into next week