AUDUSD on Thursday rose 0.34% to 0.65579. Pair in consolidation. What we know.
AUDUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.34% | 22.2 Pips |  | ||
| Week to-date | -1.33% | -88.7 Pips |  | ||
| August | -2.37% | -159 Pips |  | ||
Upcoming key events (London Time)
Fri 02:30 AM AUD RBA Monetary Policy Statement
Fri 01:30 PM USD Average Hourly Earnings (12-mth) Fri 01:30 PM USD Nonfarm Payroll Employment
What happened lately
🇺🇸 U.S. Factory Orders (1-mth) in June exceed forecast and rose to 2.3% compared to previous figure 0.4, revised from 0.3% in May Census Bureau 🇺🇸 U.S. Nonfarm Business Labor Productivity in Q2 preliminary estimate rose to 3.7% compared to previous figure -1.2% (revised from -2.1%) Bureau of Labor Statistics 🇦🇺 Australia Exports (1-mth) in June dropped to -2% compared to previous figure 3, revised from 4% in May 🇦🇺 Australia Trade Balance (1-mth) in June exceed forecast and dropped to 11321M compared to previous figure 11791M in May Australian Bureau of Statistics 🇦🇺 Australia Imports (1-mth) in June dropped to -4% compared to previous figure 2% in May 🇺🇸 U.S. ADP Non-Farm Employment Change in July exceed forecast and dropped to 324K compared to previous figure 497K in June 🇦🇺 Australia AiG Industry Index in June dropped to -14.7 points compared to previous figure -11.9 points in May
What can we expect from AUDUSD today?
AUDUSD on Thursday rose 0.34% to 0.65579. Price is below 9-Day EMA while Stochastic is falling in oversold zone.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65249 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65685 or trades above daily pivot 0.65467. Break above could target R1 at 0.65797. While to the downside, we are looking at 0.65249 (S1) and daily low of 0.65137 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65685 may suggest continuation after recent positive movement.
For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -1.33%.
Key levels to watch out:
| R3 | 0.66345 |
| R2 | 0.66015 |
| R1 | 0.65797 |
| Daily Pivot | 0.65467 |
| S1 | 0.65249 |
| S2 | 0.64919 |
| S3 | 0.64701 |
You might be interested in:
Housing Vacancies and Homeownership. Census Bureau Rental Vacancy Rate. Census Bureau Construction Spending. Census Bureau
Statement by Philip Lowe, Governor: Monetary Policy Decision. Reserve Bank of Australia
