21:03 UTC
Downtrend, extended lower · RSI 33 · price 0.68926
Lower highs and lower lows since early-May top.
AUDUSD is in a six-week downtrend, trading well below a falling EMA(50) since the early-June breakdown out of the 0.7100-0.7200 range. The slide accelerated on USD strength as sticky US PCE revived Fed hike bets, while a strong domestic jobs print failed to lift the Aussie. Price is grinding the lower edge near the 0.6875 swing low with RSI bordering oversold; 0.6835 is the next major support beneath.
Support: 0.6875, 0.6835
Resistance: 0.6940, 0.7080
What it said to watch
- Daily close below 0.6835 confirms continuation of the lower-low sequence
- Recovery above 0.6940 range cap would challenge the downtrend read
- RBA Minutes Tue and US NFP Thu are material catalysts for the next leg