19:01 UTC
Uptrend, late-stage extension · RSI 64 · price 0.71276
Higher highs since April low, pulling back from range top.
Macro regime flipped from a multi-quarter 0.6200–0.6600 range into a clean uptrend after the April 2025 low at 0.5913, with price now trading well above a rising W1 EMA(50). The last two weeks show rejection from the 0.7277 swing high, leaving a potential weekly reversal candle just under the prior-year high zone. Structure remains constructive while 0.7022 breakout retest holds; RSI in the mid-60s is firm but not extended.
Support: 0.7022
Resistance: 0.7277, 0.7221, 0.7186
What it said to watch
- Weekly close back below 0.7022 breakout retest would mark a lower-high and threaten the uptrend
- Reclaim of 0.7277 swing high opens the path toward 0.7400 psych
- Sustained US-Iran de-escalation headlines continue to weigh on USD and support the AUD bid