AUDUSD London briefing — 2026-07-08

BIAS BEARISH. RSI overbought at 70.14 with daily structure bearish; H1 bullish EMA conflicts but H4 neutral favors downside continuation. KEY LEVELS R: 0.695, 0.7, 0.7088 | S: 0.69, 0.68654, 0.685 NEWS 🟡 MBA Mortgage Applications 11:00 UTC 🟡 Wholesale Inventories 14:00 UTC 🟡 EIA Crude Oil Stocks 14:30 UTC SESSION OUTLOOK Watch for rejection at 0.695 resistance. Low-impact data offers space for clean technicals; shorts favored into support clusters. PRO UNLOCKS Entry 0.6945, SL 0.7015, TP1 0.69, TP2 0.68654, FVG 0.6925–0.6

Key Levels

R: 0.69500 · 0.70000 · 0.70880

S: 0.69000 · 0.68654 · 0.68500