AUDUSD London briefing — 2026-11-05

BIAS BULLISH. D1 + H4 EMA + H1 EMA alignment combined with H1 fair value gaps override neutral RSI and bearish H4 FVGs. KEY LEVELS R: 0.71, 0.70678, 0.705 | S: 0.70, 0.695, 0.68956 NEWS 🟡 Challenger Job Cuts (USD) 10:30 UTC 🟡 Initial Jobless Claims (USD) 13:30 UTC 🟡 Continuing Jobless Claims (USD) 13:30 UTC SESSION OUTLOOK Watch USD weakness reaction to jobless data; bullish pullback structure favors buys into support if claims disappoint. H4 EMA support holds conviction.

Key Levels

R: 0.70500 · 0.70678 · 0.71000

S: 0.70000 · 0.69500 · 0.68956