AUDUSD London briefing — 2026-08-06

BIAS BULLISH. D1 structure intact; H4 EMA confirms uptrend. H1 neutral divergence suggests consolidation before continuation, not reversal. KEY LEVELS R: 0.70641, 0.705, 0.71 | S: 0.70, 0.695, 0.69228 NEWS 🟡 Challenger Job Cuts (USD) 11:30 UTC 🟡 Initial Jobless Claims (USD) 12:30 UTC 🟡 Continuing Jobless Claims (USD) 12:30 UTC SESSION OUTLOOK US labor data mid-session risks volatility. Watch 0.705 resistance; break targets 0.70641. Soft data supports AUD strength.

Key Levels

R: 0.70500 · 0.70641 · 0.71000

S: 0.70000 · 0.69500 · 0.69228