AUD/USD AI Live Scan, 4-hour chart, Wednesday, 21 October 2026
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.
21:05 UTC
Uptrend, pausing under resistance · RSI 71 · price 0.70309
Higher highs and higher lows since the 0.6894 swing low; break above the 0.7013 prior high.
AUDUSD has posted higher highs and higher lows since the 0.6894 swing low, holding a rising trendline and clearing the 0.7013 prior high on hawkish RBA repricing and a softer USD. The advance is pausing just under the 0.7036 swing high and the late-September high at 0.7045, with RSI near 70 and ATR(14) steady around 17 pips. EMA20 sits above EMA50 with price above both, and the 38.2% fib of the 0.6894-0.7036 leg sits at 0.6982, just under the trendline near 0.7000.
Support: 0.70126, 0.7000, 0.69704
Resistance: 0.70356, 0.70447
What it said to watch
H4 close above the 0.7045 sept high extends the higher-high sequence beyond the window's opening range
Loss of the 0.7013 prior high and the trendline near 0.7000 would return price to the old 0.6915-0.7013 range
A break below the 0.6970 swing low would undo the higher-low structure from 0.6894
RBA Governor Bullock (Oct 23, 10:00 UTC) and US flash PMIs (Oct 23, 13:45 UTC) could materially shift this read
Higher highs and higher lows since the 0.6894 low; prior swing high at 0.7013 cleared.
AUDUSD has carved a double bottom at 0.6903/0.6894 and rallied on hawkish RBA repricing and a softer USD. The move cleared the 0.7013 prior swing high, the breakout lvl, and set a fresh swing high at 0.7036. Price now sits just under the 0.7045 prior high from the start of the window. Both EMAs sit below price and EMA20 has crossed above EMA50, while ATR(14) near 17 pips shows a steady rather than stretched advance.
Support: 0.7013, 0.7000, 0.6982
Resistance: 0.7036, 0.7045
What it said to watch
H4 close above the 0.7045 prior high extends the higher-high sequence beyond the window's opening range
Failure to hold the 0.7013 breakout lvl and the 0.7000 round number puts the breakout back into question
A break of the rising trendline from 0.6894 and of the fib 38.2 at 0.6982 would mark a deeper retracement of the rally
RBA Governor Bullock on Oct 23 and AU Q3 CPI on Oct 28 could materially shift this read via November hike pricing
US flash PMIs and UoM inflation expectations on Friday are a USD-side risk to the rally
Higher highs / higher lows since 0.6894; prior high at 0.7012 cleared.
The jobs-miss flush to 0.6894 reversed into a sequence of higher lows (0.6936, then the 0.6970 swing low), helped by hawkish RBA commentary, the China GDP beat and a softer USD. Price has now closed above the 0.7012 prior high that capped the early-October rally, with EMA20 crossed back above EMA50 and RSI near 72 as the move stretches. The 0.7036 recent high sits just under the 0.7045 prior swing from late September, with the 3wk high at 0.7069 the next reference; ATR has eased to ~17 pips from the post-jobs expansion.
Support: 0.7012, 0.6970, 0.6936
Resistance: 0.7036, 0.7045, 0.7069
What it said to watch
H4 close back below the 0.7012 prior high would mark the breakout as a false break
Loss of the 0.6970 swing low breaks the higher-low sequence and the rising trendline
Close above the 0.7045 prior swing opens the path to the 0.7069 3wk high
AU flash PMIs Oct 22 22:00 UTC and Bullock speech Oct 23 10:00 UTC could reprice RBA hike odds and shift this read
US flash PMIs Fri 13:45 UTC and US jobless claims Thu are the USD-side risk to the rebound
Higher highs and higher lows since 0.6894; prior high at 0.7013 cleared.
AUDUSD briefly broke below the 0.6903 low to 0.6894 after the AU jobs miss, then reversed. That false break has since built higher highs and higher lows along a rising lows line, backed by RBA hawkishness, China's GDP beat and a softer USD. Price has now cleared the 0.7013 prior high and the falling highs line from the 0.7089 window high. EMA20 is back above EMA50 and RSI(14) sits near 72, while ATR(14) around 16 pips is subdued against the mid-month swings, so the grind above the 0.7000 round number has been steady rather than impulsive, with the 0.7044 range highs next overhead.
Support: 0.7013, 0.7000, 0.6936
Resistance: 0.7044, 0.7089
What it said to watch
H4 close back below the 0.7013 prior high and 0.7000 round number would mark the breakout as failed
Sustained hold above 0.7013 opens the path to the 0.7044 range highs, then the 0.7089 window high
A break under the rising lows line and the 0.6936 swing low would undo the higher-low sequence; the 61.8% fib of the 0.6894-0.7029 rally sits near 0.6946
RBA Gov. Bullock (Oct 23 10:00 UTC) and Friday's US PMIs/UoM inflation expectations could materially shift this read
AU Q3 CPI on Oct 28 is the larger event risk for the multi-day structure
Higher lows since 0.6894, testing the 0.7013 range top.
After the slide from the 0.7105 window high, AUDUSD has held a 0.6894–0.7013 range for close to three weeks, with the 0.6903 and 0.6894 lows forming a double bottom. The rally off the range low followed the jobs-miss and hot US PPI flush and has been driven by Kent's hawkish remarks and China's GDP beat. Higher lows into the 0.7000 psych level have lifted EMA20 back above EMA50, and price is now probing the 0.7013 neckline, with this session's swing high at 0.7029. RSI near 72 shows a stretched leg, and ATR(14) around 17 pips sits at the low end of the window's range.
Support: 0.7000, 0.6970, 0.6894
Resistance: 0.7029, 0.7045, 0.7105
What it said to watch
Sustained H4 closes above 0.7013 complete the double bottom and bring the 0.7045 prior range congestion into play, then the 0.7105 window high
An H4 close back below the 0.7000 psych level returns price to the range and marks the neckline test as a false break
A pullback through the 0.6970 higher low, near the 38.2% of the 0.6894–0.7029 rally fib, breaks the higher-low line
RBA Gov. Bullock (Fri Oct 23 10:00 UTC) and US S&P PMIs (Fri 13:45 UTC) could materially shift this read
AU Q3 Trimmed Mean CPI on Oct 28 is the larger test of the move out of the range
Three-week 0.6894–0.7017 range; higher lows since the Oct 15 double bottom.
After the late-September slide from 0.7115, AUDUSD has held a 0.6894–0.7017 range. The Oct 15 jobs miss drove a retest of the Oct 1 low and printed a double bottom at 0.6903/0.6894. The rebound since, helped by China's GDP beat and a softer USD, has built higher lows at the 0.6936 swing low and the 0.6970 higher low, which sits on the 38.2% of the recovery fib. Price is now back at the 0.7013–0.7017 range cap for a second test, above both EMAs with EMA20 over EMA50, while ATR(14) has compressed to about 16 pips from the expansion around the jobs drop.
Support: 0.6970, 0.6936, 0.6894
Resistance: 0.7017, 0.7042
What it said to watch
H4 close above the 0.7017 range cap breaks the three-week range and opens the 0.7042 prior range top
Repeat rejection at 0.7017 followed by a loss of the 0.6970 higher low keeps the range read intact
Failure to hold the 0.6936 swing low (61.8% of the recovery fib) puts the 0.6894 double btm back in play
US jobless claims (Thu 12:30 UTC) and S&P PMIs (Fri 13:45 UTC) are USD rebound risk; Bullock (Oct 23) and AU Q3 CPI (Oct 28) could shift the range-cap test