AUDUSD on Monday rose 0.36% to 0.67190. Pair in consolidation. What we know.
|Performance after Monday|
|Week to-date||-0.05%||-3.2 Pips|
Upcoming key events (London Time)
Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 06:00 PM USD FOMC Monetary Policy Statement
Wed 06:30 PM USD FOMC Press Conference
What happened lately
No major activities.
What can we expect from AUDUSD today?
AUDUSD on Monday rose 0.36% to 0.67190. Price is above 9-Day EMA while Stochastic is rising in neutral zone.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.6678 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67300 or trades above daily pivot 0.6704. While to the downside, the daily low of 0.66630 and 0.6678 (S1) as immediate support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.67300 would suggest bullish bias after recent positive movement.
For the week to-date, take note that AUDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
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