AUDUSD London briefing — 2026-08-04

BIAS BULLISH. EMA alignment (H4/H1) + daily structure support upside; RSI neutral avoids overbought trap. KEY LEVELS R: 0.705, 0.70567, 0.71 | S: 0.7, 0.695, 0.69228 NEWS 🟡 USD Trade Balance 12:30 UTC 🟡 Redbook Index 12:55 UTC SESSION OUTLOOK London open tests 0.705 resistance. Light US data impact; watch for intraday rejection or breakout confirm above 0.70567.

Key Levels

R: 0.70500 · 0.70567 · 0.71000

S: 0.70000 · 0.69500 · 0.69228