21:06 UTC
Downtrend from September high, basing below 0.7000 · RSI 43 · price 0.69824
Lower highs since Sep 9; two-week range 0.6935–0.7000.
AUDUSD has rolled over from the 0.7237 high on September 9, printing lower highs into the 0.6903 swing low on October 1. The late-September breakdown took price below a now-declining EMA(50) on D1, and EMA(20) has crossed beneath it. For two weeks the pair has based between the 0.6935 range floor and the 0.7000 psych level, with the rebound stalling near the 23.6% fib of the September decline as the hot US CPI beat (3.7% vs 3.6%) and the dollar at YTD highs offset hawkish RBA pricing.
Support: 0.6935, 0.6903, 0.6865
Resistance: 0.7000, 0.7045, 0.7140
What it said to watch
- A daily close above psych 0.7000 and the ema50 near 0.7045 would challenge the lower-high sequence; the 0.7140 lower high is the next structural reference
- A daily close below the 0.6935 range floor exposes the 0.6903 swing low, with the 0.6865 june low beneath it
- The Australian September jobs report (Thu 00:30 GMT) and US PPI and retail sales (Thu 12:30 GMT) could materially shift this read