AUDUSD London briefing — 2026-08-12

BIAS BULLISH. EMA alignment (H4/H1) + D1 structure confirm uptrend; RSI neutral keeps aggression in check. KEY LEVELS R: 0.70789 | 0.71 | 0.715 S: 0.705 | 0.7 | 0.69228 NEWS 🔴 US CPI (MoM/YoY) Wed 12:30 UTC 🟡 MBA Mortgage Applications Wed 11:00 UTC SESSION OUTLOOK CPI print drives USD volatility; watch AUD hold 0.705 support. Bullish above 0.70789 if data softens.

Key Levels

R: 0.70789 · 0.71000 · 0.71500

S: 0.70500 · 0.70000 · 0.69228