AUDUSD on Monday rose 1.06% to 0.67171. End July up by 0.86% or 57.1 pips higher. Things to look out.
|Performance after Monday|
|Week to-date||1.06%||70.5 Pips|
Upcoming key events (London Time)
Tue 05:30 AM AUD RBA Interest Rate Decision (Cash Rate Target)
Tue 03:00 PM USD ISM Manufacturing PMI
Wed 01:15 PM USD ADP Non-Farm Employment Change
What happened lately
No major activities.
What can we expect from AUDUSD today?
AUDUSD on Monday rose 1.06% to 0.67171. Price is below 9-Day EMA while Stochastic is falling.
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 0.67518 with break above could target R2 at 0.67866 or figure level area. While towards the downside, we are looking at daily low of 0.66573 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67393 may suggest continuation after recent positive movement.
For the week to-date, take note that AUDUSD is mixed as compared to the prior week.
AUDUSD ended month of July trading session up by 0.86% or 57.1 pips higher.
Key levels to watch out:
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