AUDUSD London briefing — 2026-05-05

BIAS BEARISH. Daily structure confirms downtrend; H1 bearish EMA overrides neutral RSI despite H4 divergence. KEY LEVELS R: 0.72, 0.72272, 0.725 | S: 0.715, 0.71024, 0.71 NEWS 🟡 Goods/Services Trade Balance (USD) 12:30 UTC 🟡 Redbook Index YoY (USD) 12:55 UTC SESSION OUTLOOK Soft US data may weaken dollar, testing 0.715 support. Watch London close confirmation before NY session volatility. PRO UNLOCKS Entry 0.71480, SL 0.72140, TP1 0.71024, TP2 0.70850 | FVG 0.71600–0.71750 | Liquidity sweep 0.725

Key Levels

R: 0.72000 · 0.72272 · 0.72500

S: 0.71500 · 0.71024 · 0.71000