AUDUSD on Monday rose 1.54% to 0.67882. What we know.

AUDUSD Analysis

Performance after Monday
Monday1.54%103.2 Pips
Week to-date1.54%103.2 Pips
April1.55%103.4 Pips

Upcoming key events (London Time)

Tue 05:30 AM AUD RBA Interest Rate Decision (Cash Rate Target)
Tue 05:30 AM AUD RBA Cash Rate Statement
Wed 03:30 AM AUD RBA’s Governor Philip Lowe speech

What happened lately

📆 🇺🇸 USD S&P Global Manufacturing PMI | Mar in March below forecast and dropped to 49.2 points compared to previous figure 49.3 points in February. Source:

AUDUSD 4-hour Chart by TradingView

What can we expect from AUDUSD today?

AUDUSD on Monday rose 1.54% to 0.67882. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks bullish as the pair ended higher after Monday trading session.

Looking ahead for the day, immediate upside resistance level is at 0.68355 (R1) while on the downside, we are looking at daily low of 0.66500 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67900 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 1.54% over the past few days.

Key levels to watch out:

Daily Pivot0.67427

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Payroll employment rises by 311,000 in February; unemployment rate edges up to 3.6% Source: Bureau of Labor Statistics Publications

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Interesting markets for the coming week,April 3th-7th

Looking for buy⬆️/sell⬇️ positions:

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#AUDUSD is the most dicey pair in the forex market right now!

Currently looking downwards but could reverse at any point!

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