AUDUSD on Thursday rose 0.78% to 0.67151. Winners and losers.
|Performance after Thursday|
|Week to-date||1.75%||115.2 Pips|
Upcoming key events (London Time)
No major events for the day.
What happened lately
🇦🇺 Australia Imports (1-mth) in April unchanged at 2% compared to previous report in March.
🇦🇺 Australia Trade Balance (1-mth) in April below forecast and dropped to 11158M compared to previous figure 15269M in March Australian Bureau of Statistics
🇦🇺 Australia Exports (1-mth) in April dropped to -5% compared to previous figure 4% in March
🇺🇸 U.S. Goods and Services Trade Balance in April dropped to -74.6$ compared to previous figure -60.6$ (revised from -64.2$)
🇦🇺 GDP (12-mth) in Q1 below forecast and dropped to 2.3% compared to previous figure 2.7% in Q4 Australian Bureau of Statistics
🇦🇺 GDP (3-mth) in Q1 below forecast and dropped to 0.2% compared to previous figure 0.5% in Q4 Australian Bureau of Statistics
🇦🇺 AiG Industry Index in April improved to -10.9 points compared to previous figure -20.1 points in March
What can we expect from AUDUSD today?
AUDUSD on Thursday rose 0.78% to 0.67151. 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 0.67374 with break above could target R2 at 0.67597 or figure level area. While towards the downside, we are looking at daily low of 0.66540 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67180 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 1.75% over the past few days.
Key levels to watch out:
You might be interested in:
U.S. International Trade in Goods and Services, April 2023. Bureau of Economic Analysis
U.S. International Trade in Goods and Services. Census Bureau
Quarterly Financial Report. Census Bureau
Quarterly Financial Report – Retail. Census Bureau
Statement by Philip Lowe, Governor: Monetary Policy Decision. Reserve Bank of Australia
#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.