AUDUSD London briefing — 2026-05-06

BIAS BULLISH. H4 and H1 EMAs aligned upward despite D1 neutrality; RSI 65 supports continuation. KEY LEVELS R: 0.72513, 0.725, 0.73 | S: 0.72, 0.715, 0.71024 NEWS 🔴 ADP Employment Change 12:15 UTC 🟡 Fed's Musalem speech 13:30 UTC 🔴 MBA Mortgage Applications 11:00 UTC SESSION OUTLOOK ADP data could trigger volatility; watch for USD directional bias. Bullish structure favors 0.725 resistance test if data disappoints USD. PRO UNLOCKS Entry 0.72513 | SL 0.71024 | TP1 0.725 | TP2 0.73 | FVG 0.724–0.7245 |

Key Levels

R: 0.72500 · 0.72513 · 0.73000

S: 0.72000 · 0.71500 · 0.71024