AUDUSD London briefing — 2026-08-05

BIAS BULLISH — H4/H1 EMAs aligned bullish, D1 structure bullish, RSI neutral avoids overbought trap. KEY LEVELS R: 0.70567, 0.705, 0.71 | S: 0.7, 0.695, 0.69228 NEWS 🔴 ADP Employment Change Wed 12:15 UTC 🟡 S&P Global PMI Wed 13:45 UTC 🟡 MBA Mortgage Apps Wed 11:00 UTC SESSION OUTLOOK ADP volatility expected mid-session; watch 0.705 resistance for breakout confirmation. PMI at 13:45 may drive USD strength or consolidation.

Key Levels

R: 0.70500 · 0.70567 · 0.71000

S: 0.70000 · 0.69500 · 0.69228