AUDUSD London briefing — 2026-07-30

BIAS BEARISH. D1 structure + H1 EMA confirm downside; H4 neutral but lower timeframe conviction dominates. RSI 42 leaves room to test support. KEY LEVELS R: 0.7, 0.70268 | S: 0.695, 0.69133, 0.69 NEWS 🔴 Core PCE MoM & YoY (USD) – 12:30 UTC Thu 🟡 Jobless Claims (USD) – 12:30 UTC Thu SESSION OUTLOOK US inflation data at London open may spike volatility. Watch for reversal off 0.695 or breakdown toward 0.69133 if data disappoints USD.

Key Levels

R: 0.70000 · 0.70268 · 0.70500

S: 0.69500 · 0.69133 · 0.69000