AUDUSD on Thursday rose 1.53% to 0.68895. What we know.
|Performance after Thursday|
|Week to-date||3.01%||201.6 Pips|
Upcoming key events (London Time)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
🇺🇸 U.S. Producer Price Index ex Food & Energy (1-mth) in June unchanged at 0.1% compared to previous report in May.
🇦🇺 Australia Consumer Inflation Expectations in July unchanged at 5.2% compared to previous report in June.
🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (1-mth) in June below forecast and dropped to 0.2% compared to previous figure 0.4% in May Bureau of Labor Statistics
What can we expect from AUDUSD today?
AUDUSD on Thursday rose 1.53% to 0.68895. 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 0.69277 with break above could target R2 at 0.6966 or figure level area. While towards the downside, we are looking at daily low of 0.67848 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.68945 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 3.01% over the past few days.
Key levels to watch out:
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CPI for all items rises 0.2% in June; shelter up. Bureau of Labor Statistics