AUDUSD London briefing — 2026-10-28

BIAS BULLISH. Daily structure, H4 EMA, and H1 EMA combined with H4 fair value gaps override the sweep of highs and H1 FVG bearish signals. KEY LEVELS R: 0.70518, 0.705, 0.71 | S: 0.7, 0.695, 0.68956 NEWS 🟡 MBA Mortgage Applications (USD) 11:00 UTC 🟡 Goods Trade Balance (USD) 12:30 UTC 🟡 Wholesale Inventories (USD) 12:30 UTC SESSION OUTLOOK London session tests resistance into USD data releases. Watch 0.705 for breakout confirmation or rejection into support.

Key Levels

R: 0.70500 · 0.70518 · 0.71000

S: 0.70000 · 0.69500 · 0.68956