AUDUSD on Thursday rose 1.31% to 0.68840. What we know.

AUDUSD Analysis

Performance after Thursday
Thursday1.31%89.2 Pips
Week to-date2.15%145 Pips
June5.89%382.9 Pips

Upcoming key events (London Time)

Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

🇺🇸 In the week ending 10 June, Initial Unemployment Insurance Claims in U.S. was unchanged at 262K compared to previous figure 262K (revised from 261K) Department of Labor
🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in June below forecast and dropped to -13.7 points compared to previous figure -10.4 points in May
🇺🇸 U.S. Monthly Retail Trade (1-mth) in May exceed forecast and dropped to 0.3% compared to previous figure 0.4, revised from 0.4% in April Census Bureau
🇦🇺 Australia Employment Change (seasonally adjusted) in May exceed forecast and rose to 75.9K compared to previous figure -4.3K in April Australian Bureau of Statistics
🇦🇺 Australia Full-Time Employment in May rose to 61.7K compared to previous figure -27.1K in April Australian Bureau of Statistics
🇦🇺 Australia Unemployment Rate (seasonally adjusted) in May below forecast and dropped to 3.6% compared to previous figure 3.7% in April Australian Bureau of Statistics
🇺🇸 U.S. Interest Rate Projections rose to 5.6% compared to previous rate 5.1%
🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.25% compared to previous rate 5.25% Federal Reserve

AUDUSD 4-hour Chart by TradingView

What can we expect from AUDUSD today?

AUDUSD on Thursday rose 1.31% to 0.68840. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

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 0.69295 with break above could target R2 at 0.6975 or figure level area. While towards the downside, we are looking at daily low of 0.67649 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.68927 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 2.15% over the past few days.

Key levels to watch out:

Daily Pivot0.68472

You might be interested in:

Advanced Monthly Sales for Retail and Food Services. Census Bureau
Federal Reserve Board and Federal Open Market Committee release economic projections from the June 13-14 FOMC meeting. Federal Reserve
Federal Reserve issues FOMC statement. Federal Reserve
CPI for all items rises 0.1% in May; shelter and used cars and trucks up. Bureau of Labor Statistics

#AUDUSD Trending on Twitter

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

Looking for buy⬆️/sell⬇️ positions:

🇪🇺🇺🇸#eurusd ⬇️
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#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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