AUDUSD on Thursday rose 0.46% to 0.67436. What we know.

AUDUSD Analysis

Performance after Thursday
Thursday0.46%30.9 Pips
Week to-date0.55%36.6 Pips
April0.89%59.6 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

In the week ending 15 April, the Initial Unemployment Insurance Claims rose to 245K compared to 240K, revised from 239K in the previous report Department of Labor
🇺🇸 Philadelphia Fed Manufacturing Survey in April exceed forecast and dropped to -31.3 points compared to previous figure -23.2 points in March
🇦🇺 National Australia Bank’s Business Confidence (3-mth) in Q1 below forecast and dropped to -4 points compared to previous figure -1 points in Q4

AUDUSD 4-hour Chart by TradingView

What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.46% to 0.67436. Price is above 9-Day EMA while Stochastic is rising.

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 0.6778 with break above could target R2 at 0.68124 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 0.67714 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:

Daily Pivot0.6737

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#AUDUSD Trending on Twitter

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

Looking for buy⬆️/sell⬇️ positions:

🇪🇺🇺🇸#eurusd ⬇️
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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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