AUDUSD London briefing — 2026-07-31

BIAS NEUTRAL. H4/H1 EMAs bullish yet D1 structure bearish; RSI overbought (68.61) conflicts with uptrend alignment—no clear edge. KEY LEVELS R: 0.70385, 0.705, 0.71 | S: 0.7, 0.695, 0.69133 NEWS 🟡 Employment Cost Index (USD) 12:30 UTC 🟡 Chicago PMI (USD) 13:45 UTC 🟡 Michigan Consumer Expectations (USD) 14:00 UTC SESSION OUTLOOK Three medium-impact US data releases risk volatility. Watch rejection/hold at 0.70385 resistance; break above targets 0.705, below targets 0.7 support.

Key Levels

R: 0.70385 · 0.70500 · 0.71000

S: 0.70000 · 0.69500 · 0.69133