AUDUSD London briefing — 2026-05-12

BIAS BEARISH. D1 structure holds despite H4/H1 neutral signals; RSI at 40.82 shows downside momentum building below midline. KEY LEVELS R: 0.725, 0.72804, 0.73 | S: 0.72, 0.715, 0.71024 NEWS 🔴 AUD Budget Release – Tue 09:30 UTC 🟡 ADP Employment Change – Tue 12:15 UTC SESSION OUTLOOK Budget outcome will drive AUD volatility; watch for break below 0.72 support. USD strength from ADP data could extend bearish pressure mid-session. PRO UNLOCKS Entry 0.7205 | SL 0.7295 | TP1 0.7155 | TP2 0.71024 | FVG 0.7228-0.7240 — unlock with Pro

Key Levels

R: 0.72500 · 0.72804 · 0.73000

S: 0.72000 · 0.71500 · 0.71024