AUDUSD London briefing — 2026-08-07

BIAS BULLISH — D1 structure supports upside; H4 EMA bullish. RSI neutral at 50.51 and H1 EMA divergence create caution, but daily bias intact. KEY LEVELS R: 0.70641, 0.705, 0.71 | S: 0.7, 0.695, 0.69228 NEWS 🔴 Average Hourly Earnings MoM (USD) — Fri 12:30 UTC 🔴 Average Hourly Earnings YoY (USD) — Fri 12:30 UTC 🟡 Average Weekly Hours (USD) — Fri 12:30 UTC SESSION OUTLOOK High US labour data inbound; USD strength likely pressures AUD. Watch 0.705 resistance; rejection signals caution despite bullish structure.

Key Levels

R: 0.70500 · 0.70641 · 0.71000

S: 0.70000 · 0.69500 · 0.69228