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
Range-bound below 50-DMA after May peak · RSI 52 · price 0.6996
Lower highs since May, basing near 0.6880.
The March-May uptrend peaked at 0.7277 and rolled over; the last two months have been rangebound between roughly 0.6880 and the 50-DMA cap near 0.7028. Price is pinned around the 0.7000 psych pivot after twice basing near 0.6880 in June, with RSI back to mid-range and price below a flat EMU(50). Q2 CPI and FOMC this week are set to break the balance.
Support: 0.6968, 0.6880
Resistance: 0.7000, 0.7028, 0.7080
What it said to watch
- D1 close above 0.7028 (50-DMA) would end the range and open 0.7080
- Failure to hold 0.6968 exposes the 0.6880 june base
- Q2 CPI Wed and FOMC could materially shift this read
21:04 UTC
Recovering off June low, capped at 50-DMA · RSI 54 · price 0.6996
Higher lows since mid-June, resistance 0.7028.
AUDUSD carved a base around 0.6875 in mid-June and has ground back to the 0.7000 psych pivot, with June jobs and firm July PMIs underpinning the recovery. Price sits just under the 50-DMA / 38.2% fib cap at 0.7028, which has repeatedly capped rallies, while EMA(50) is still overhead. The pair is coiling into a decisive event week.
Support: 0.7000, 0.6968, 0.6875
Resistance: 0.7028, 0.7055
What it said to watch
- Q2 CPI (29 Jul 01:30 UTC) and FOMC this week are the dominant catalysts for this read
- Daily close above 0.7028 clears the 50-DMA cap and opens the 0.7055 prior high
- Failure to hold 0.6968 breaks the rising-support chain off the June low