AUDUSD on Monday rose 0.23% to 0.66267. Pair in consolidation. What we know.
AUDUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.23% | 15.5 Pips |  | ||
| Week to-date | 0.23% | 15.5 Pips | | ||
| May | 0.23% | 15.5 Pips | | ||
Upcoming key events (London Time)
Tue 05:30 AM AUD RBA Interest Rate Decision (Cash Rate Target) Tue 05:30 AM AUD RBA Cash Rate Statement
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate) Wed 07:00 PM USD FOMC Monetary Policy Statement Wed 07:30 PM USD FOMC Press Conference
What happened lately
No major activities.
What can we expect from AUDUSD today?
AUDUSD on Monday rose 0.23% to 0.66267. Price is below 9-Day EMA while Stochastic is rising in oversold zone.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.66013 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66680 or trades above daily pivot 0.66347. Break above could target R1 at 0.666. While to the downside, we are looking at 0.66013 (S1) and daily low of 0.66093 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.66680 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 | 0.67187 |
| R2 | 0.66934 |
| R1 | 0.666 |
| Daily Pivot | 0.66347 |
| S1 | 0.66013 |
| S2 | 0.6576 |
| S3 | 0.65426 |
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18/02/2023
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