AUDUSD New York briefing — 2026-08-07

BIAS BULLISH. H4/H1 EMAs aligned bullish, D1 structure higher-lows, RSI neutral at 66—no overbought red flag yet. KEY LEVELS R: 0.70686 | 0.71 | 0.715 S: 0.705 | 0.70 | 0.69228 NEWS 🟡 Baker Hughes US Oil Rig (17:00 UTC) 🟡 Consumer Credit Change (19:00 UTC) 🟡 CFTC AUD NC Net Positions (19:30 UTC) SESSION OUTLOOK Watch for minor USD dips into NY open as soft data lands. Bulls need to hold above 0.705; breach toward 0.71 confirms momentum.

Key Levels

R: 0.70686 · 0.71000 · 0.71500

S: 0.70500 · 0.70000 · 0.69228