AUDUSD London briefing — 2026-05-07

BIAS BULLISH. H4 and H1 EMAs aligned upside; D1 structure confirms higher bias despite RSI at 65. KEY LEVELS R: 0.72804, 0.73, 0.735 | S: 0.725, 0.72, 0.71024 NEWS 🟡 Challenger Job Cuts (USD) 11:30 UTC 🟡 Initial Jobless Claims (USD) 12:30 UTC 🟡 Continuing Jobless Claims (USD) 12:30 UTC SESSION OUTLOOK USD data arrives mid-session; watch for volatility into 0.72804. Momentum favors pushes toward 0.73 if claims disappoint. PRO UNLOCKS Entry zones, SL/TP placement, liquidity sweeps, FVG targets, Fibonacci retracements — unlock with Pro.

Key Levels

R: 0.72804 · 0.73000 · 0.73500

S: 0.72500 · 0.72000 · 0.71024