AUDUSD London briefing — 2026-05-08

BIAS BULLISH. D1 structure dominates; H4 EMA supports despite H1 neutrality and RSI showing equilibrium. KEY LEVELS R: 0.725, 0.72804, 0.73 | S: 0.72, 0.715, 0.71024 NEWS 🔴 Average Hourly Earnings MoM/YoY (USD) — 12:30 UTC 🟡 Fed's Cook speech (USD) — 09:45 UTC SESSION OUTLOOK Earnings data drives USD direction. Watch 0.725 resistance; breach signals continuation. Support holds at 0.72 during volatile London open. PRO UNLOCKS Entry 0.7225 | SL 0.7195 | TP1 0.7265 | TP2 0.7295 | FVG 0.7208–0.7218 | Premium

Key Levels

R: 0.72500 · 0.72804 · 0.73000

S: 0.72000 · 0.71500 · 0.71024