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
Downtrend off May high, momentum easing · RSI 43 · price 0.70307
Lower highs since early May, basing near 0.7000.
AUDUSD has carved a steady chain of lower highs since the early-May 0.7277 peak, with price trading below a flattening-to-rolling EM(50) on D1. The pair lost the 0.7050 pivot through early June and is now basing in a tight 0.6979-0.7088 band as a hawkish RBA hold meets a hawkish Fed flip to hikes. The 0.7000 psychological handle has held repeatedly over the last two weeks, capping the decline for now.
Support: 0.7000, 0.69787, 0.6878
Resistance: 0.7050, 0.7140, 0.7277
What it said to watch
- Daily close below 0.7000 confirms a lower-low and opens 0.6878 area
- Reclaim of 0.7050 pivot and 0.7140 lower high needed to neutralise the downtrend
- Australian CPI 24 Jun 01:30 UTC is the key domestic catalyst and could reset this range
21:04 UTC
Downtrend from May peak, consolidating · RSI 43 · price 0.70307
Lower highs, range 0.7000-0.7088.
AUDUSD has been carving lower highs since the early-May peak near 0.7277, the slide accelerating after the Fed's hawkish dot-plot flip and a largely-priced RBA hold left the high-beta Aussie leaning on risk sentiment. Price now sits below both EMA20 and a falling EMA50, consolidating roughly 0.7000-0.7088 over the last two weeks after a bounce off the 0.6994 swing low. The 0.7140 zone (a prior lower high) caps the recovery.
Support: 0.7000, 0.6890
Resistance: 0.7088, 0.7140
What it said to watch
- D1 close below 0.7000 psych confirms a lower low and opens the 0.6890 objective
- Reclaim of 0.7140 lower high needed to negate the downtrend structure
- Australia CPI on 24 Jun is the key domestic catalyst and could shift this read