AUDUSD on Monday dropped -0.15% to 0.64881. Pair in consolidation. Things to look out.

AUDUSD Analysis

Performance after Monday
Monday-0.15%-9.9 Pips
Week to-date-0.14%-9 Pips
August-3.39%-227.9 Pips

Upcoming key events (London Time)

Tue 02:30 AM AUD RBA Meeting Minutes
Tue 01:30 PM USD Monthly Retail Trade (1-mth)
Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.

AUDUSD 4-hour Chart by TradingView

What can we expect from AUDUSD today?

AUDUSD on Monday dropped -0.15% to 0.64881. 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 0.646 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65030 or trades above daily pivot 0.64815. Break above could target R1 at 0.65096. While to the downside, we are looking at 0.646 (S1) and daily low of 0.64534 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.64534 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:

Daily Pivot0.64815

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