AUDUSD has spent the last two weeks penned in a 0.6962-0.7026 range, with the 0.7000 psych mark and twin highs near the range high repeatedly rejecting rallies — consistent with the 50-DMA/38.2% Fibo cap flagged into tomorrow's Australian Q2 CPI. Price is now drifting back toward the lower third of the range with both EMAs overhead, and momentum has cooled. A double-top signature sits around 0.7020-0.7026.
Support: 0.6962, 0.6913
Resistance: 0.7000, 0.7026
What it said to watch
Australian CPI Wed 01:30 GMT could break the range in either direction
H4 close above 0.7000 opens the path to the 0.7026 range high
Failure to hold the 0.6962 swing low confirms a lower low toward the 0.6913 prior low
FOMC ~16h after CPI could reshape the USD leg of this read
21:04 UTC
Uptrend stalling, rolling over · RSI 44 · price 0.69742
Range below 0.7000 after failed breakout.
The rally off the early-month 0.6882 low stalled repeatedly below the 0.7000 psychological mark, with twin highs near 0.7025 leaving a double top capping the advance. Price has since rotated back under both EMAs toward the 38.2% fib and the 0.6962 swing low, matching the context read of AUD heavy sub-0.7000 into CPI. ATR sits mid-regime, keeping the structure range-bound rather than trending.
Support: 0.6962, 0.6920
Resistance: 0.7000, 0.7025
What it said to watch
H4 close below 0.6962 swing low confirms a lower low
Reclaim of 0.7000 psych reopens the 0.7025 double top
Australian CPI Wed 01:30 GMT then FOMC could materially shift this read
17:03 UTC
Uptrend stalling, rolling over below 0.7000 · RSI 47 · price 0.69831
Range below 0.7000 after lower highs off the 0.7026 peak.
AUDUSD pushed to a 0.7026 peak mid-month but has since carved lower highs and settled into a range beneath the 0.7000 psychological mark, which capped every rally — a twin rejection near 0.7020/0.7026 forms a double-top look. Price is hugging EMA20/EMA50 with ATR(14) compressing, and the digest flags the 50-DMA/38.2% Fibo cluster reinforcing the 0.7000 ceiling. Momentum is neutral-soft with RSI mid-40s.
Support: 0.6962, 0.6931
Resistance: 0.7000, 0.7026
What it said to watch
H4 close above 0.7000 invalidates the range-cap read and reopens 0.7026
Failure to hold 0.6962 confirms a lower-low and opens 0.6931
Australian CPI Wed 01:30 GMT could break the range in either direction
17:03 UTC
Uptrend stalling, rolling over · RSI 47 · price 0.69831
Range below 0.7000 after failed breakout, lower highs forming.
The multi-week advance off the early-month 0.6913 low peaked at 0.70263 and has since stalled, with repeated rejections at the 0.7000 psychological mark and the 38.2% fib/50-DMA cap flagged in the macro read. Price is now oscillating in a 0.6962-0.7000 range with a sequence of lower highs, and ATR(14) near 14 pips shows steady, uncommitted flows. The near-term structure is compressive ahead of Australian CPI and the FOMC.
Support: 0.6962, 0.6913
Resistance: 0.7000, 0.70263
What it said to watch
H4 close above 0.7000 psych would reopen the 0.70263 swing high
Failure to hold the 0.6962 swing low confirms a lower-low and opens downside
Australian CPI Wed 01:30 GMT then FOMC ~16h later could materially shift this read
13:02 UTC
Uptrend stalled, rolling over · RSI 43 · price 0.69655
Lower highs capped below 0.7000.
The month-long climb off 0.6882 stalled into the 0.7026 50-DMA cap, printing a double top near 0.7020-0.7026 and rolling over below EMA20/50. Price now trades under the 0.7000 psychological pivot with repeated rejection there and lower highs forming, consistent with the digest's read of AUD pinned under the 38.2% Fibo/50-DMA. ATR sits in a compressed regime ahead of Wednesday's Australian CPI.
Support: 0.6970, 0.6962, 0.6882
Resistance: 0.7000, 0.7026
What it said to watch
H4 close above 0.7028 invalidates the capped, lower-highs read
Failure to hold 0.6970 near-term support opens the range low toward 0.6882
Australian CPI Wed 01:30 GMT then FOMC ~16h later could materially shift this read
13:02 UTC
Uptrend stalling, rolling over · RSI 42 · price 0.69655
Lower highs below 0.7000 after failed 0.7026 test.
The month-long climb off 0.6882 stalled at the 0.7026 50-DMA/38.2% Fibo cap, and price has since carved lower highs and slipped back under the 0.7000 psych pivot. The pullback to 0.6965 has dropped price below both EMAs, and repeated rejections at 0.70 keep the pair boxed in a tightening consolidation. Wednesday's Australian CPI and the FOMC decision that follows are the catalysts that resolve this range.
Support: 0.6962, 0.6900
Resistance: 0.7000, 0.7026
What it said to watch
H4 close below 0.6962 range low confirms a lower low
Reclaim of 0.7000 psych re-opens the 0.7026 50-dma cap
AUD CPI Wed 01:30 GMT + FOMC ~16h later will drive the break
09:03 UTC
Uptrend stalling, pulling back · RSI 41 · price 0.69688
Rejected at 0.7026 cap, lower highs since.
The multi-week climb from the 0.6880s stalled at the 50-DMA cap near 0.7026, where price was turned away twice and has since rolled over into a pullback. AUD is now trading back below 0.7000 psych and under both EMAs, testing the 0.6962 swing-low region as demand tries to hold the rising-lows structure. The pair is pinned by this week's CPI/Fed double-header rather than trending cleanly.
Support: 0.6962, 0.6900
Resistance: 0.7000, 0.7026
What it said to watch
Australia CPI Wed 01:30 GMT and FOMC same day could materially shift this read
Sustained loss of the 0.6962 swing low confirms a lower-low
H4 close back above 0.7000 psych reopens the 0.7026 50-dma cap
AUDUSD has consolidated in a multi-week range roughly 0.6960-0.7028, repeatedly capped by the 50-DMA near 0.7028 and the 0.7000 psychological pivot. Price is now pressing the lower edge after a sequence of lower highs, with ATR(14) compressed and both EMAs sitting above spot. Australia CPI Wednesday and the FOMC decision the same day are the catalysts that could resolve the compression.
Support: 0.6962, 0.6930
Resistance: 0.7000, 0.7028
What it said to watch
H4 close below 0.6962 confirms a lower low and opens toward 0.6930
H4 close above 0.7028 breaks the range top
AUD CPI Wed 01:30 GMT and FOMC could materially shift this read
The rally off the early-month 0.6868 low matured into a multi-day consolidation capped by the 0.7025 five-week high, with price now drifting off the 0.7000 psychological pivot and printing a mild rollover. Range has compressed roughly between 0.6966 and 0.7025 as AUD stays boxed ahead of Wednesday's CPI and FOMC double catalyst. Repeated failures to hold above 0.7000 keep the near-term tone corrective.
Support: 0.6966, 0.6900
Resistance: 0.7000, 0.7025
What it said to watch
H4 close above 0.7025 five-week high opens the path higher
Failure to hold 0.6966 range low exposes the 0.6900s
Australia CPI Wed and FOMC same day could materially shift this read
05:03 UTC
Uptrend stalling, rolling into range · RSI 43 · price 0.69773
Consolidation below 0.7025 cap, pinned at 0.7000.
AUDUSD extended off the 0.6867 base to a 0.7026 five-week high, then rolled into a tight 0.6966-0.7025 range as blockbuster June jobs kept RBA hike bets alive but priced. Price is now pinned at the 0.7000 psych pivot with repeated rejection at 0.7025, and ATR(14) compression reflects the market deferring to Wednesday's Aussie CPI / FOMC double catalyst. The pullback to 0.6977 keeps price below both EMAs, softening the earlier bid.
Support: 0.6966, 0.6900
Resistance: 0.7000, 0.7025
What it said to watch
Aussie CPI Wed 01:30 UTC and FOMC Wed 18:00 UTC could materially shift this read
H4 close below 0.6966 confirms a lower-low, exposing the 0.6900 psych level
H4 close above 0.7025 range top invalidates the consolidation read
01:03 UTC
Uptrend stalled, now ranging · RSI 46 · price 0.69849
Two-week range pinned around 0.7000.
After the impulse off 0.6865, AUDUSD has stalled into a two-week range between the 0.6966 floor and the 0.7028 fibo cap, glued to the 0.7000 psych pivot on broad USD softness. ATR(14) has compressed and price is trapped below EMA20 but above EMA50, with 0.7020-0.7026 having twice capped the advance. Tuesday's Q2 CPI is the catalyst that resolves the compression.
Support: 0.6966, 0.6913, 0.6800
Resistance: 0.7000, 0.7028, 0.7026
What it said to watch
AU CPI 29 Jul 01:30 UTC is the primary catalyst for this range
H4 close above the 0.7028 fibo cap opens the path back to the 0.7026 5-week high
Loss of the 0.6966 range low exposes the 0.6913 prior swing and 0.6800
FOMC this week drives the USD leg and could break the range
01:03 UTC
Uptrend stalled, now ranging · RSI 46 · price 0.69849
Range near 0.7000 after multi-week climb.
The multi-week climb off 0.6868 stalled into a tight range between 0.6966 and the 0.7028 cap, with price now pinned just under the 0.7000 psych pivot. Repeated rejections at the 0.7025-0.7028 five-week high underscore supply capping the top of the range, while ATR(14) compression points to a coiling market. AUD stays glued to 0.7000 with the RBA hike largely priced ahead of Q2 CPI.
Support: 0.6966, 0.6942, 0.6868
Resistance: 0.7000, 0.7028
What it said to watch
AUD CPI on 29 Jul 01:30 UTC is the primary catalyst for this range
H4 close above 0.7028 (38.2 cap) opens the path back toward the 0.7025+ highs
Loss of 0.6966 range low confirms a lower-low and shifts the read