AUDUSD London briefing — 2026-08-17

BIAS BULLISH with caution. H4/H1 EMA aligned bullish, D1 structure supports upside, but RSI 80.82 signals overbought extremes—pullback risk elevated. KEY LEVELS R: 0.71236, 0.715, 0.72 | S: 0.71, 0.705, 0.69228 NEWS 🟡 Empire State Manufacturing (12:30 UTC) 🟡 NAHB Housing Index (14:00 UTC) 🟡 3-Month Bill Auction (15:30 UTC) SESSION OUTLOOK London opens into overbought conditions; watch for profit-taking near 0.71236. USD data risk mid-session could trigger volatility; hold 0.71 support for continuation.

Key Levels

R: 0.71236 · 0.71500 · 0.72000

S: 0.71000 · 0.70500 · 0.69228