The week opened near 0.6919 and rallied on soft US CPI to a 0.7021 week high before repeatedly failing at the 0.7000 psych level and 50-day EMA overhead. Price has since faded back under EMA20, gapped lower into the new week to the 0.6962 weekend low, and is now recovering to 0.6975. RSI(14) sits sub-50 and price trades below both the EMA20 and EMA50.
Support: 0.69612, 0.6919
Resistance: 0.6982, 0.7000, 0.70207
What it said to watch
H1 close back above 0.7000 psych and the 0.70207 week high reopens the 0.7045 area
Failure to hold the 0.6962 weekend low confirms a lower-low toward the 0.6900 / weekly open
Australia jobs report Jul 23 could materially shift this read
23:03 UTC
Pullback after week's rally stalled at 0.7000 · RSI 47 · price 0.69751
Lower highs off 0.7021 peak, weekend gap down.
AUDUSD rallied from Monday's 0.6912 open to a 0.7021 peak on the soft US CPI print, but repeated attempts at the 0.7000 handle and the 50-day EMA near 0.7012 were rejected as renewed USD haven demand capped the move. Price faded through the back half of the week and opened this session with a gap down to 0.6961 before bouncing to 0.6975. Both EMA20 and EMA50 now sit above spot, with RSI mid-range after the fade.
Support: 0.6961, 0.6966, 0.6900
Resistance: 0.7000, 0.7012, 0.7021
What it said to watch
Hourly close back above 0.7000 re-opens the 0.7012 50-day EMA and 0.7021 week high
Failure to hold 0.6960 confirms a lower low toward 0.6900
Australia jobs report Thu Jul 23 01:30 UTC could materially shift this read
Lower highs since 0.7021 peak, weekend gap-down open.
AUDUSD rallied from ~0.6912 to a 0.7021 weekly high on the soft US CPI print, then faded through the back half of the week as USD haven demand capped the 0.7000 handle. A weekend gap lower opened this week near 0.6962 before a thin recovery to 0.6970, leaving price below EMA20 and EMA50 with RSI cycling in the low 40s. The 0.7000 psych level and 0.70207 week high have both rejected attempts higher.
Support: 0.69612, 0.6900
Resistance: 0.7000, 0.70207
What it said to watch
H1 reclaim of 0.7000 would neutralise the fade from the week high
Failure to hold the 0.69612 gap low exposes the 0.6900 downside pivot
Australia jobs report Thu 01:30 UTC could materially shift this read
22:02 UTC
Uptrend faded, rolling over · RSI 42 · price 0.69702
Double top at 0.7020, lower highs since.
This week's soft US CPI rally pushed AUDUSD from 0.6912 to a 0.7021 peak, but the 0.7000 handle capped two attempts and price rolled over into a double top. A weekend gap lower opened near 0.6962 and price now trades at 0.6970, back below both EMA20 and EMA50 with RSI cycling under 50. Renewed USD haven demand into Thursday's jobs report is the driver behind the fade.
Support: 0.6960, 0.6917
Resistance: 0.7000, 0.6985, 0.7020
What it said to watch
H1 close back above 0.7000 reclaims the psych level and reopens 0.7020
Failure to hold 0.6960 recent low confirms a lower-low toward 0.6917 weekly open
Australia jobs report Thu 01:30 UTC could materially shift this read
Retrace lower after 0.7021 rejection, now consolidating.
AUDUSD ran from Monday's 0.6914 open to a 0.7021 week high on the soft US CPI-driven USD pullback, then stalled and faded back toward 0.698 as haven USD demand re-emerged. Repeated rejection at the 0.7000 handle capped two attempts this week, and price is now coiling on the EMA(20) with RSI(14) mid-range near 47. The 0.6966 swing low marks the base of this week's consolidation.
Support: 0.6981, 0.6966, 0.6916
Resistance: 0.7000, 0.7021
What it said to watch
H1 close above 0.7000 / 0.7021 reopens the 0.7045 upside
Failure to hold 0.6966 swing low exposes the 0.6916 week open
Australia jobs report Jul 23 01:30 UTC could materially shift this read
AUDUSD rallied from Monday's 0.6916 open to a 0.70207 peak Wednesday on the soft US CPI-driven USD pullback, but failed to hold the 0.7000 handle and has printed successive lower highs since. Price now hovers around EMA(20) near 0.698 with RSI(14) cooling back to the mid-40s; the 0.7000 round number has capped every attempt this week. Renewed USD haven demand into Middle East risk is the offsetting driver.
Support: 0.69656, 0.6914
Resistance: 0.7000, 0.70207
What it said to watch
Hourly close above 0.7000 reopens the 0.70207 week high and 0.7045
Failure to hold 0.69656 swing low confirms a lower low
Australia jobs report Thu 01:30 UTC could materially shift this read