AUDUSD Asia briefing — 2026-09-02

BIAS BEARISH. H1 EMA bearish with H4 neutral creates divergence, but RSI at 38 supports downside momentum despite not yet oversold. KEY LEVELS R: 0.715, 0.72, 0.72051 | S: 0.71, 0.70551, 0.705 NEWS 🔴 AUD GDP QoQ & YoY — Wed 02 Sep 01:30 UTC 🟡 USD MBA Mortgage Applications — Wed 02 Sep 11:00 UTC SESSION OUTLOOK AUD data drops at session open; watch if GDP miss accelerates breakdown below 0.71. H1 bearish setup vulnerable to daily structure rejection.

Key Levels

R: 0.71500 · 0.72000 · 0.72051

S: 0.71000 · 0.70551 · 0.70500