Every read JAFX AI made on the AUD/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:44 UTC
Sideways after impulse fully retraced · RSI 52 · price 0.70321
0.7014–0.7043 range with a double low at the base.
Wednesday's hot Australian CPI and the post-FOMC spike in NY hours drove a move from the 0.7009 Tuesday low to the 0.7068 week high in Thursday's Asia session. Strong US GDP then unwound most of it during Thursday's NY session down to 0.7014, and Friday's NY session printed a matching double low at 0.70135. Price now sits at the 61.8% retracement, wedged between EMA(20) near 0.7031 and EMA(50) near 0.7034, with RSI(14) flat around 52 and supply capping the range top at 0.7043 three times.
Support: 0.7031, 0.70135, 0.7009
Resistance: 0.7034, 0.7043
What it said to watch
- H1 close above the 0.7043 range top confirms the double low and reopens the 0.7068 week high
- Failure at the 0.70135 double low exposes the 0.7009 Tuesday low, the base of the week's impulse
- Repeated closes below EMA(50) at 0.7034 keep price in the lower half of the range
- RBA decision Tue 03:30 UTC (hike ~80% priced) and Bullock's guidance could materially shift this read
- US ISM Manufacturing Mon 15:00 UTC is the first USD-side test of the range
17:39 UTC
Range after faded midweek spike, lower highs · RSI 51 · price 0.70321
0.7014–0.7068 week range, twin lows at base.
Hot Wednesday CPI and post-FOMC flows lifted AUDUSD to a week high of 0.7068 early Thursday. The move was rejected and fully unwound through London and NY hours after the strong US GDP print. Twin lows have since formed near the 0.7014 week low in Thursday's and Friday's NY sessions. The Friday rebound printed another lower high at the 0.7043 friday high and now sits on EMA(20) near 0.7031, at the 38.2% retracement of the week high-to-low fib, with EMA(50) overhead and RSI(14) flat near 51.
Support: 0.7031, 0.7014
Resistance: 0.7043, 0.7068
What it said to watch
- H1 close above the 0.7043 friday high breaks the lower-high trendline and turns the twin lows into a base
- Failure to hold the 0.7014 week low ends the range read and confirms a lower-low
- Loss of EMA(20) at 0.7031 returns price to the lower half of the week range
- RBA decision Tue Nov 3 03:30 UTC (hike ~80% priced) could materially shift this read
- US ISM Manufacturing Mon 15:00 UTC is the first USD-side test of the range