AUDUSD on Tuesday dropped -0.53% to 0.65369. What we know.
AUDUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.53% | -35.1 Pips |  | ||
| Week to-date | -0.56% | -36.8 Pips |  | ||
| August | -2.68% | -179.9 Pips | | ||
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What happened lately
No major activities.
What can we expect from AUDUSD today?
AUDUSD on Tuesday dropped -0.53% to 0.65369. Price is below 9-Day EMA while Stochastic is rising in oversold zone.
Updated daily direction for AUDUSD looks bearish as the pair posted lower in Tuesday trading session.
Looking ahead for the day, immediate support level is at S1 0.64967 with break below could see further selling pressure towards S2 at 0.64564. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.65760 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.64961 would indicate selling pressure.
For the week to-date, take note that AUDUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.66565 |
| R2 | 0.66162 |
| R1 | 0.65766 |
| Daily Pivot | 0.65363 |
| S1 | 0.64967 |
| S2 | 0.64564 |
| S3 | 0.64168 |
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