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.
21:04 UTC
Uptrend, momentum stalling · RSI 51 · price 0.69814
Higher highs/lows, pulling back from 0.7021 peak.
AUDUSD rallied ~1.25% off the 0.6913 low into a 0.7021 peak on the soft US CPI print, then stalled exactly at the round number / 50-day EMA cap and rolled into a pullback. Higher-low structure remains intact above 0.6966, with price now hovering near the 38.2% retrace of the impulse leg. ATR is compressed, keeping the 0.6966-0.7021 band the working range.
Support: 0.6966, 0.6943, 0.6900
Resistance: 0.7000, 0.7021, 0.7045
What it said to watch
- H4 close back above 0.7000 reopens the 0.7021 range high and 0.7045
- Failure to hold 0.6966 confirms a lower-low and threatens 0.6943
- Australia jobs report Jul 23 01:30 UTC could materially shift this read
21:04 UTC
Uptrend, momentum cooling · RSI 51 · price 0.69814
Higher lows, pulling back below 0.7000.
AUDUSD ran from the mid-month low near 0.6913 to a 0.7021 peak on the soft US CPI print, its first look above 0.7000 since June, then stalled at the round number and rejected back toward 0.6966. Higher-low structure since early July remains intact, but price has slipped back under EMA20 as the round-number push loses steam. ATR is steady, keeping the pullback orderly rather than impulsive.
Support: 0.6966, 0.6917, 0.6883
Resistance: 0.7000, 0.7021
What it said to watch
- H4 close below 0.6966 breaks the higher-low sequence
- Reclaim of 0.7000 reopens the 0.7021 swing high
- Australia jobs report Thu Jul 23 01:30 UTC could reset this read