AUDUSD on Monday rose 0.19% to 0.67030. Pair in consolidation. What we know.
|Performance after Monday|
|Week to-date||0.18%||12 Pips|
Upcoming key events (London Time)
Wed 02:30 AM AUD CPI Inflation Rate (3-mth)
Wed 02:30 AM AUD Monthly CPI Inflation Rate (12-mth)
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What happened lately
🇺🇸 Chicago Fed National Activity Index in March unchanged at -0.19 points compared to previous report in February.
What can we expect from AUDUSD today?
AUDUSD on Monday rose 0.19% to 0.67030. 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 0.66764 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67048 or trades above daily pivot 0.66906. Break above could target R1 at 0.67172. While to the downside, we are looking at 0.66764 (S1) and daily low of 0.66640 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.67048 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:
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