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.
21:03 UTC
Downtrend, near oversold · RSI 33 · price 0.69926
Lower highs, lower lows since May peak.
Downtrend in force since the early-May peak near 0.7277, with price holding below a falling EMA(50) and three weeks of lower highs. AUD has now lost six straight sessions to an 11-week low at 0.6979, driven externally by hawkish-Fed USD strength rather than domestic data. RSI(14) near 32 flags emerging oversold, with price pinned to the descending channel base around 0.6950.
Support: 0.6979, 0.6950, 0.6900
Resistance: 0.7018, 0.7045
What it said to watch
- Australia CPI in the next session (24 Jun) could materially shift this read into stretched net-short positioning
- Daily close back above 0.7045 needed to challenge the lower-high sequence
- Break of 0.6979 11-week low opens the 0.6900 zone
21:03 UTC
Downtrend, extended · RSI 34 · price 0.69926
Lower highs, lower lows since mid-May peak.
AUDUSD has been in a steady downtrend since the mid-May peak at 0.7277, carving lower highs and lower lows along a descending channel; price now trades below EMA20 and EMA50. The last six sessions extended the slide to an 11-week low near 0.6979, driven by USD strength on hawkish-Fed repricing rather than Aussie data, and RSI(14) has cooled to ~33, flagging emerging oversold conditions. Price is pinned just under 0.70 with 0.6950 channel base the next structural reference.
Support: 0.6979, 0.6950, 0.6900
Resistance: 0.7018, 0.7045
What it said to watch
- Australia CPI today 01:30 UTC — a hot trimmed-mean print risks a short-squeeze back toward the 0.7018 9-day ema
- Daily close below 0.6950 channel base opens the 0.6900 psych zone
- Reclaim of 0.7045 near-term would break the descending sequence of lower highs