AUDUSD on Tuesday dropped -0.65% to 0.66547. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Tuesday
Tuesday-0.65%-43.8 Pips
Week to-date0.23%15.3 Pips
May0.65%43.2 Pips

Upcoming key events (London Time)

Thu 02:30 AM AUD Employment Change (seasonally adjusted)
Thu 02:30 AM AUD Unemployment Rate (seasonally adjusted)

What happened lately

🇺🇸 Retail Trade Control Group in April rose to 0.7% compared to previous figure -0.4, revised from -0.3% in March Census Bureau

AUDUSD 4-hour Chart by TradingView

What can we expect from AUDUSD today?

AUDUSD on Tuesday dropped -0.65% to 0.66547. 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 0.66331 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67100 or trades above daily pivot 0.66716. Break above could target R1 at 0.66931. While to the downside, we are looking at 0.66331 (S1) and daily low of 0.66500 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.66500 would indicate selling pressure.

For the week to-date, take note that AUDUSD is mixed as compared to the prior week.

Key levels to watch out:

Daily Pivot0.66716

You might be interested in:

Advanced Monthly Sales for Retail and Food Services. Census Bureau

#AUDUSD Trending on Twitter

#sw_ #trader

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

Looking for buy⬆️/sell⬇️ positions:

🇪🇺🇺🇸#eurusd ⬇️
🟡 #gold ⬇️

#traders #currency #chart #investor #forex #dax #us30 #chartpattern #priceaction

#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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