AUDUSD London briefing — 2026-06-12

BIAS BEARISH. D1 structure bearish, H4 EMA confirms downside; H1 neutral divergence suggests intraday volatility but not trend reversal. RSI at 48 neutral, no overbought cushion. KEY LEVELS R: 0.705, 0.71, 0.72004 | S: 0.7, 0.69789, 0.695 NEWS 🔴 Michigan Consumer Sentiment (HIGH) — 14:00 UTC 🟡 Michigan Consumer Expectations (MEDIUM) — 14:00 UTC 🟡 UoM 1-year Inflation Expectations (MEDIUM) — 14:00 UTC SESSION OUTLOOK Michigan data cluster may trigger USD volatility. Watch 0.705 hold; break below 0.7 targets lower support. PRO UNLOCKS Entry, SL, TP1, TP2, FV

Key Levels

R: 0.70500 · 0.71000 · 0.72004

S: 0.70000 · 0.69789 · 0.69500