AUDUSD on Thursday rose 1.36% to 0.67819. What we know.
AUDUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 1.36% | 90.9 Pips |  | ||
| Week to-date | 1.8% | 120.2 Pips |  | ||
| April | 1.57% | 105 Pips | | ||
Upcoming key events (London Time)
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 In the week ending 08 April, the Initial Unemployment Insurance Claims rose to 239K compared to previous figure 228K Department of Labor
📆 🇨🇳 CNY Trade Balance in USD | Mar in March exceed forecast and dropped to 88.19$ compared to previous figure 116.8$ in February 
📆 🇦🇺 AUD Consumer Inflation Expectations | Apr in April below forecast and dropped to 4.6% compared to previous figure 5% in March 📆 ☢️ 🇦🇺 AUD Employment Change (seasonally adjusted) | Mar in March exceed forecast and dropped to 53K compared to previous figure 64.6K in February Australian Bureau of Statistics 📆 🇦🇺 AUD Full-Time Employment | Mar in March dropped to 72.2K compared to previous figure 74.9K in February 📆 ☢️ 🇦🇺 AUD Unemployment Rate (seasonally adjusted) | Mar in March unchanged at 3.5% compared to previous report in February. . Australian Bureau of Statistics 📆 🇺🇸 USD Monthly Budget Statement | Mar in March exceed forecast and dropped to -378$ compared to previous figure -262$ in February. 📆 🇺🇸 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 Thursday rose 1.36% to 0.67819. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for AUDUSD looks bullish as the pair ended higher after Thursday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.68246 with break above could target R2 at 0.68673 or figure level area. While towards the downside, we are looking at daily low of 0.66840 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67970 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 | 0.69376 |
| R2 | 0.68673 |
| R1 | 0.68246 |
| Daily Pivot | 0.67543 |
| S1 | 0.67116 |
| S2 | 0.66413 |
| S3 | 0.65986 |
You might be interested in:
Unemployment rate remains at 3.5% in March. Australian Bureau of Statistics
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
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18/02/2023
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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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