AUDUSD on Wednesday rose 0.59% to 0.66910. What we know.
AUDUSD Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.59% | 39 Pips |  | ||
| Week to-date | 0.31% | 21 Pips |  | ||
| April | 0.06% | 4 Pips | | ||
Upcoming key events (London Time)
Thu 02:30 AM AUD Employment Change (seasonally adjusted) | Mar
Fri 01:30 PM USD Retail Trade Turnover (1-mth) | Mar Fri 03:00 PM USD Michigan Index of Consumer Sentiment | Apr flash
What happened lately
📆 🇺🇸 USD CPI Inflation Rate (12-mth) | Mar in March below forecast and dropped to 5% compared to previous figure 6% in February. Bureau of Labor Statistics
What can we expect from AUDUSD today?
AUDUSD on Wednesday rose 0.59% to 0.66910. Price is neutral near 9-Day EMA while Stochastic is falling.
Updated daily direction for AUDUSD looks bullish as the pair ended higher after Wednesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.6727 with break above could target R2 at 0.6763 or figure level area. While towards the downside, we are looking at daily low of 0.66470 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67230 may suggest continuation after recent positive movement.
For the week to-date, take note that AUDUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.6803 |
| R2 | 0.6763 |
| R1 | 0.6727 |
| Daily Pivot | 0.6687 |
| S1 | 0.6651 |
| S2 | 0.6611 |
| S3 | 0.6575 |
You might be interested in:
Minutes of the Federal Open Market Committee, March 21-22, 2023. Federal Reserve CPI for all items rises 0.1% in March as shelter increases. Bureau of Labor Statistics Publications Monthly Wholesale Trade: Sales and Inventories. Census Bureau
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18/02/2023
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Currently looking downwards but could reverse at any point!
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