Every read JAFX AI made on the AUD/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
11:00 UTC
Downtrend, bounce off lows · RSI 49 · price 0.70446
Lower highs, consolidating above 0.6979 trough.
Price rolled over through the window, printing a sequence of lower highs from 0.7200 into a 0.6979 two-month low before a sharp risk-on rebound to 0.7055 on Mideast de-escalation. That bounce stalled under the 0.7060 cap and price is now consolidating in a tight 0.7028-0.7053 band, holding above the EMA20 but capped by the EMA50. ATR is settling after the impulse lower, leaving a coiled range ahead of Tuesday's RBA decision.
Support: 0.7000, 0.69787
Resistance: 0.70546, 0.7060
What it said to watch
- Sustained H4 break above 0.7060 needed to confirm 0.6979 as the trough
- Close below 0.6979 reopens the lower-low sequence
- RBA statement Tue 04:30 UTC — guidance is the catalyst that resolves this range
11:00 UTC
Downtrend, bounce off lows · RSI 50 · price 0.70446
Lower highs into 0.6979 double bottom, sharp recovery.
Sequence of lower highs and lower lows since early month dragged price to a two-month trough at 0.6979, where a double bottom formed before a sharp risk-on rebound back to 0.7050 on Mideast de-escalation. Price is now consolidating just under the 0.7050 (50% fibo) / 0.7060 cap with EMA20 reclaimed but the H4 EMA50 still overhead. ATR sits in a moderate regime as the market coils ahead of Tuesday's RBA decision.
Support: 0.7000, 0.6979
Resistance: 0.7053, 0.7060
What it said to watch
- Sustained close above 0.7060 confirms 0.6979 as the cycle trough
- Loss of 0.6979 reopens the lower-low sequence
- RBA decision + statement Tue 04:30 UTC is the catalyst for this read