AUDUSD on Monday rose 0.33% to 0.66188. What is going on.
|Performance after Monday|
|Week to-date||0.23%||14.9 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 12:20 AM AUD RBA’s Governor Philip Lowe speech
Wed 02:30 AM AUD GDP (3-mth)
What happened lately
No major activities.
What can we expect from AUDUSD today?
AUDUSD on Monday rose 0.33% to 0.66188. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for AUDUSD looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.66447 with break above could target R2 at 0.66707 or figure level area. While towards the downside, we are looking at daily low of 0.65780 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.66373 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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