AUDUSD London briefing — 2026-10-23

BIAS BULLISH. Daily structure, H4 EMA, and H1 EMA consensus combined with bullish H4 fair-value gaps drive directional conviction despite bearish H1 FVGs. KEY LEVELS R: 0.70397, 0.705, 0.71 | S: 0.7, 0.695, 0.68956 NEWS 🔴 S&P Global Manufacturing PMI (USD) 13:45 UTC 🔴 S&P Global Services PMI (USD) 13:45 UTC 🟡 S&P Global Composite PMI (USD) 13:45 UTC SESSION OUTLOOK US PMI data at London close may trigger volatility. Watch hold above 0.7 support for continuation; resistance cluster at 0.705–0.71 caps upside into data.

Key Levels

R: 0.70397 · 0.70500 · 0.71000

S: 0.70000 · 0.69500 · 0.68956