AUDUSD London briefing — 2026-05-20

BIAS BEARISH. D1 structure + H4/H1 EMA alignment confirm downtrend; RSI(36) supports weakness without oversold extremes. KEY LEVELS R: 0.715, 0.72, 0.72804 | S: 0.71, 0.70802, 0.705 NEWS 🟡 MBA Mortgage Applications (11:00 UTC) 🟡 EIA Crude Oil Stocks (14:30 UTC) 🟡 20-Year Bond Auction (17:00 UTC) SESSION OUTLOOK London opens near support at 0.71. Watch for rejection at 0.715 resistance; USD data may trigger volatility into US overlap. PRO UNLOCKS [Entry 0.7109 | SL 0.7158 | TP1 0.7080 | TP2 0.7050 | FVG

Key Levels

R: 0.71500 · 0.72000 · 0.72804

S: 0.71000 · 0.70802 · 0.70500