AUDUSD London briefing — 2026-05-04

BIAS BEARISH. D1 structure overrides H4 bullish EMA; RSI neutral confirms lack of conviction. KEY LEVELS R: 0.72, 0.725 | S: 0.715, 0.71024, 0.71 NEWS 🟡 Factory Orders (USD) 14:00 UTC 🟡 3M/6M Bill Auctions (USD) 15:30 UTC SESSION OUTLOOK USD strength via Factory Orders likely pressures AUD lower. Watch rejection at 0.72 resistance; break below 0.715 targets support zone. PRO UNLOCKS Entry: 0.7195 | SL: 0.7252 | TP1: 0.7150 | TP2: 0.7102 | FVG: 0.7165–0.7180

Key Levels

R: 0.72000 · 0.72500 · 1.40522

S: 0.71500 · 0.71024 · 0.71000