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.
21:04 UTC
Medium-term downtrend, recovering · RSI 53 · price 0.69895
Consolidation near 0.7000 after June low.
AUDUSD topped near 0.7277 in early May and worked lower into the June low at 0.6875, but the last three weeks have carved a rounded base and lifted price back to the 0.7000 pivot. Yesterday's blowout Australian jobs print (76.3K vs 15K) reinforced the recovery, though EMA(50) near 0.7060 is still capping and the swing trend has yet to flip up. Price is consolidating in a tight 0.6970–0.7026 band over recent sessions.
Support: 0.6970, 0.6885
Resistance: 0.7026, 0.7060
What it said to watch
- Daily close above 0.7026 opens the path back toward EMA(50) at 0.7060
- Failure to hold the 0.6970 support zone re-exposes the 0.6885 June low
- Australia CPI on Jul 29 is the key catalyst and could materially shift this read
21:04 UTC
Downtrend easing, basing near 0.7000 · RSI 54 · price 0.69895
Recovery off June lows, capped below EMA50.
After topping near 0.7277 in April, AUDUSD trended lower into the June low at 0.6875, and has spent the last several weeks grinding back toward the 0.7000 pivot. Price sits above a rising EMA20 but still below EMA50, framing a recovery within a broader down-leg. Yesterday's blowout jobs print (76.3K vs 15K) has kept a firm bid under the pair around 0.7000, though the pair remains capped short of 0.7020.
Support: 0.6970, 0.6875
Resistance: 0.7020, 0.7060
What it said to watch
- Daily close above 0.7020 opens the path toward 0.7060
- Failure to hold 0.6970 reopens the June low at 0.6875
- Australia CPI on Jul 29 is the key catalyst that could reset this read