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.
21:05 UTC
Downtrend from May peak, corrective bounce · RSI 59 · price 0.70088
Lower highs since May, base building off June lows.
Multi-week corrective bounce off the mid-June double bottom near 0.6875, but the sequence from the early-May 0.7277 peak still reads as lower highs. Price reclaimed 0.7000 this week on USD weakness after soft US CPI/PPI, yet stalls right at the 50-day EMA around 0.7012. The two-day pop is dollar-driven, so extension above 0.7045 leans on continued USD softness rather than domestic strength.
Support: 0.6962, 0.6875, 0.6833
Resistance: 0.7012, 0.7045, 0.7277
What it said to watch
- D1 close above 0.7015 (50-day ema) opens the path toward 0.7045
- Failure to hold 0.6962 (9-day ema) reopens the 0.6875 base
- Australian jobs Jul 23 is the key domestic swing factor into RBA Aug 11
21:04 UTC
Multi-month downtrend, relief bounce underway · RSI 61 · price 0.70088
Recovering off mid-June low, testing EMA50 from below.
Multi-month downtrend from the late-April peak near 0.7277 into the mid-June low at 0.6875, now working a relief bounce. Price reclaimed 0.7000 on broad USD weakness after soft US CPI/PPI but stalls at the D1 EMA(50) ~0.7012. With price still below EMA(50) the medium-term structure stays fragile; the recovery leg has retraced roughly a third of the April–June downswing.
Support: 0.6962, 0.6875, 0.6833
Resistance: 0.7012, 0.7045
What it said to watch
- Daily close above 0.7015 (EMA50) opens the path to the 0.7045 range top
- Failure to hold 0.6962 reopens the mid-June low at 0.6875
- Australian jobs data Jul 23 is the key domestic swing factor into the read