AUDUSD London briefing — 2026-10-07

BIAS BEARISH. D1 + H4 + H1 EMA alignment (all bearish) drives directional conviction; H1 FVGs reinforce downside. KEY LEVELS R: 0.7, 0.705, 0.72232 | S: 0.695, 0.69049, 0.69 NEWS 🟡 MBA Mortgage Applications (USD) Wed 11:00 UTC 🟡 EIA Crude Oil Stocks Change (USD) Wed 14:30 UTC 🟡 EIA Distillate Stocks Change (USD) Wed 14:30 UTC SESSION OUTLOOK London opens into weak USD data risk. Watch 0.7 resistance for rejection; support 0.695 critical if tested.

Key Levels

R: 0.70000 · 0.70500 · 0.72232

S: 0.69500 · 0.69049 · 0.69000