AUDUSD on Tuesday dropped -0.7% to 0.66693. Pair in consolidation. What we know.
AUDUSD Analysis
| Tuesday | |||
| Open | High | Low | Close |
| 0.67133 | 0.67263 | 0.66460 | 0.66693 |
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.7% | -47 Pips |  | ||
| Week to-date | -0.38% | -25.7 Pips | | ||
| March | -0.87% | -58.5 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 Tuesday dropped -0.7% to 0.66693. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.66348 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67263 or trades above daily pivot 0.66805. While to the downside, the daily low of 0.66460 and 0.66348 (S1) as immediate support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.66460 would indicate selling pressure.
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:
| R3 | 0.67954 |
| R2 | 0.67608 |
| R1 | 0.67151 |
| Daily Pivot | 0.66805 |
| S1 | 0.66348 |
| S2 | 0.66002 |
| S3 | 0.65545 |
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18/02/2023
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Currently looking downwards but could reverse at any point!
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