AUDUSD on Tuesday rose 0.86% to 0.66735. What we know.

AUDUSD Analysis

Performance after Tuesday
Tuesday0.86%56.8 Pips
Week to-date1.06%70 Pips
June2.66%173.1 Pips

Upcoming key events (London Time)

Wed 12:20 AM AUD RBA’s Governor Philip Lowe speech
Wed 02:30 AM AUD GDP (3-mth)
Thu 02:30 AM AUD Trade Balance (1-mth)

What happened lately

🇦🇺 AiG Industry Index in April improved to -10.9 points compared to previous figure -20.1 points in March
🇦🇺 RBA Interest Rate Decision (Cash Rate Target) exceed forecast and rose to 4.1% compared to previous rate 3.85% Reserve Bank of Australia
🇺🇸 Factory Orders (1-mth) in April exceed forecast and rose to 4% compared to previous figure 0.9% in March Census Bureau

AUDUSD 4-hour Chart by TradingView

What can we expect from AUDUSD today?

AUDUSD on Tuesday rose 0.86% to 0.66735. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks bullish as the pair ended higher after Tuesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.67028 with break above could target R2 at 0.67321 or figure level area. While towards the downside, we are looking at daily low of 0.66090 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.66852 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 1.06% over the past few days.

Key levels to watch out:

Daily Pivot0.66559

You might be interested in:

Manufacturers’ Shipments, Inventories, and Orders. Census Bureau
Statement by Philip Lowe, Governor: Monetary Policy Decision. Reserve Bank of Australia

#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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