AUDUSD London briefing — 2026-11-02

BIAS BULLISH. Daily structure, H4 EMA, and H1 EMA combined with bullish H4 fair value gaps drive upside conviction despite neutral RSI. KEY LEVELS R: 0.70678, 0.705, 0.71 | S: 0.7, 0.695, 0.68956 NEWS 🟡 ISM Manufacturing Employment Index (USD) Mon 15:00 UTC 🔴 S&P Global Manufacturing PMI (USD) Mon 14:45 UTC 🔴 Construction Spending MoM (USD) Mon 15:00 UTC SESSION OUTLOOK London open tests 0.705 resistance into US data. H1 bearish FVGs create pullback zones; watch 0.7 hold for continuation.

Key Levels

R: 0.70500 · 0.70678 · 0.71000

S: 0.70000 · 0.69500 · 0.68956