AUDUSD on Tuesday rose 0.37% to 0.67267. What we know.

AUDUSD Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday0.37%24.9 Pips
Week to-date0.43%29 Pips
April0.78%52 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 Building Permits (1-mth) in March below forecast and dropped to 1.413M compared to previous figure 1.55, revised from 1.524M in February Census Bureau


AUDUSD 4-hour Chart by TradingView

What can we expect from AUDUSD today?

AUDUSD on Tuesday rose 0.37% to 0.67267. Price is above 9-Day EMA while Stochastic is falling.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.67506 with break above could target R2 at 0.67745 or figure level area. While towards the downside, we are looking at daily low of 0.66960 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67472 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:

R30.68018
R20.67745
R10.67506
Daily Pivot0.67233
S10.66994
S20.66721
S30.66482

You might be interested in:

Minutes of the Board’s discount rate meetings from February 21 through March 22, 2023. Federal Reserve
New Residential Construction. Census Bureau
Business Formation Statistics. Census Bureau

#AUDUSD Trending on Twitter

18/02/2023
#sw_ #trader

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!

#AustraliaGP #forexmarket #forexnews

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