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.
21:03 UTC
Uptrend stalled, multi-week pullback · RSI 41 · price 0.70446
Double top ~0.7277, lower highs since.
The Feb–May uptrend topped near 0.7277 with a double top in early May, and price has since worked lower into a multi-week pullback, trading below both EMA20 and EMA50. The rebound off the 0.6994 swing low has been capped at the 0.7060 strong resistance flagged by desks. With higher US PPI reviving the higher-for-longer dollar bid and a fully-priced RBA hold ahead, the daily read stays corrective inside the 0.6994–0.7060 band.
Support: 0.69943, 0.7000, 0.6853
Resistance: 0.7060, 0.7188
What it said to watch
- Daily close above 0.7060 strong resistance confirms 0.6994 as the trough
- Failure to hold 0.6994 swing low opens the path toward the 0.6853 March low
- RBA decision and statement Tue Jun 16 could materially shift this read
21:03 UTC
Downtrend off May peak · RSI 43 · price 0.70446
Lower highs, lower lows since early May.
AUDUSD has been in a clean downtrend since the early-May peak at 0.7277, carving lower highs and lower lows with price below both EMA20 and EMA50. The recent rebound off the 0.6979 two-month trough — helped by Mideast de-escalation and risk-on flows — has stalled at the 0.7060 resistance, leaving the pair mid-range between trough and that cap. RSI near 42 reflects a soft, non-extreme tape after the slide from 0.7277.
Support: 0.6979, 0.7000, 0.69103
Resistance: 0.7060, 0.72772
What it said to watch
- Sustained close above 0.7060 would challenge the lower-high sequence and confirm 0.6979 as the trough
- A break of 0.7000 / 0.6979 confirms the next lower-low
- RBA decision and statement Tue Jun 16 04:30 UTC — guidance tone is the catalyst for this read