Every read JAFX AI made on the AUD/USD weekly chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
19:35 UTC
Uptrend, momentum stalling near highs · RSI 52 · price 0.7031
Multi-quarter advance pulling back to 0.7000.
Macro uptrend from the April 2025 low at 0.5913; price advanced to 0.7277 by Q2 2026 and holds above a rising W1 EMA(50), so the regime stays intact. The recent pullback to 0.7031 has stalled at the 0.7000 psych pivot, where renewed USD strength on the hawkish Fed dot-plot is capping rallies. RSI sits mid-range with no extreme, consistent with a pause rather than a reversal.
Support: 0.7000, 0.6979, 0.6864
Resistance: 0.7200, 0.7277
What it said to watch
- Weekly close below 0.7000 opens the path toward the 0.6864 prior low
- Reclaim of 0.7200 prior high needed to resume the advance
- Australia CPI Wed could materially shift this read
19:34 UTC
Uptrend, momentum cooling · RSI 52 · price 0.7031
Higher highs since Q1 breakout, now pulling back.
AUDUSD spent most of 2025 ranging 0.62-0.66, then broke out from January 2026 and ran to a 0.7277 prior high by spring on the AUD's yield advantage. Price has since pulled back to 0.7031 but holds well above a rising W1 EMA(50), so the macro uptrend remains intact even as momentum cools. The 0.7000 psych pivot is the line that matters; 0.7050 is the recovery gate back toward the prior high.
Support: 0.7000, 0.6979
Resistance: 0.7050, 0.7277
What it said to watch
- Weekly close below 0.7000 psych pivot would confirm a deeper pullback
- Reclaiming 0.7050 recovery gate reopens the path toward the 0.7277 prior high
- Australia CPI Wed and Fed-hike repricing could materially shift this read