AUDUSD on Tuesday dropped -0.12% to 0.66490. Pair in consolidation. What we know.
|Performance after Tuesday|
|Week to-date||-0.37%||-24.5 Pips|
Upcoming key events (London Time)
Wed 01:30 PM USD CPI Inflation Rate (12-mth) | Mar
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What happened lately
No major activities.
What can we expect from AUDUSD today?
AUDUSD on Tuesday dropped -0.12% to 0.66490. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.66342 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66795 or trades above daily pivot 0.66568. Break above could target R1 at 0.66717. While to the downside, we are looking at 0.66342 (S1) and daily low of 0.66420 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.66420 would indicate selling pressure.
For the week to-date, take note that AUDUSD is mixed as compared to the prior week.
Key levels to watch out:
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