AUDUSD on Thursday rose 1.06% to 0.65699. What we know.
|Performance after Thursday|
|Week to-date||0.91%||59.4 Pips|
Upcoming key events (London Time)
Fri 01:30 PM USD Nonfarm Payroll Employment
What happened lately
🇺🇸 In the week ending 27 May, the Initial Unemployment Insurance Claims rose to 232K compared to previous figure 229K Department of Labor
🇺🇸 Nonfarm Business Labor Productivity in Q1 below forecast and improved to -2.1% compared to previous figure -2.7% in Q4 Bureau of Labor Statistics
🇺🇸 U.S. ADP Non-Farm Employment Change in May dropped to 278K compared to previous figure 291K (revised from 296K)
What can we expect from AUDUSD today?
AUDUSD on Thursday rose 1.06% to 0.65699. 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 0.66065 with break above could target R2 at 0.66432 or figure level area. While towards the downside, we are looking at daily low of 0.64830 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.65814 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:
You might be interested in:
Minutes of the Board’s discount rate meetings from April 10 through May 3, 2023. Federal Reserve
#AUDUSD Trending on Twitter
Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.