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.
19:34 UTC
Downtrend from May high, momentum slowing near 0.7000 · RSI 44 · price 0.7008
Lower highs since early May, basing at 0.7000.
AUDUSD has been in a steady downtrend since the early-May peak near 0.7271, shedding roughly 250 pips as the hawkish Fed dot-plot flip rebuilt USD demand. Price sits below both EMA20 and EMA50 and has spent the last two weeks pinned around the 0.7000 psych level, which coincides with the 61.8% retracement of the late-March-to-May rally. RSI near 44 reflects the slowing pace rather than fresh selling momentum.
Support: 0.7000, 0.6994
Resistance: 0.7050
What it said to watch
- Daily close below 0.7000 / 61.8% fibo opens deeper downside toward the March low
- Reclaim of 0.7050 (100-day sma) would challenge the lower-highs structure
- Australia CPI Wed 24 Jun could materially shift this read
19:34 UTC
Downtrend, momentum building lower · RSI 38 · price 0.7008
Lower highs / lower lows, testing 0.7000.
AUDUSD has rolled over from the 0.7277 swing peak, carving a chain of lower highs and lower lows over recent weeks with price trading below a flattening-to-falling EM(50) on D1. The hawkish Fed dot-plot flip mid-week drove the break of 0.7050 and pressed the pair onto the 0.7000 psych pivot, which coincides with the 61.8% retracement of the 0.6833–0.7277 advance. RSI near 38 reflects the down-cycle without yet reaching oversold territory.
Support: 0.7000, 0.6979, 0.6853
Resistance: 0.7050
What it said to watch
- Daily close below 0.6979 confirms a fresh lower-low and opens 0.6853
- Reclaim of 0.7050 / 100-day sma needed to neutralise the downtrend
- Australia CPI Wed 24 Jun could materially shift this read