AUDUSD on Thursday dropped -0.26% to 0.64052. How it happened.
|Performance after Thursday|
|Week to-date||-1.43%||-92.8 Pips|
Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 In the week ending 12 August, U.S. Initial Unemployment Insurance Claims dropped to 239K compared to previous figure 250K (revised upward from 248K) Department of Labor
🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in August exceed forecast and rose to 12 points compared to previous figure -13.5 points in July
🇦🇺 Australia Part-Time Employment in July rose to 9.6K compared to previous figure -6.7K in June
🇦🇺 Australia Unemployment Rate (seasonally adjusted) in July exceed forecast and rose to 3.7% compared to previous figure 3.5% in June Australian Bureau of Statistics
🇦🇺 Australia Employment Change (seasonally adjusted) in July below forecast and dropped to -14.6K compared to previous figure 32.6K in June Australian Bureau of Statistics
🇺🇸 U.S. Industrial Production (1-mth) in July rose to 1% compared to previous figure -0.8% (revised from -0.5%)
What can we expect from AUDUSD today?
AUDUSD on Thursday dropped -0.26% to 0.64052. 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 Thursday trading session.
Looking ahead for the day, immediate support level is at S1 0.63627 with break below could see further selling pressure towards S2 at 0.63202. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.64503 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.63640 would indicate selling pressure.
For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -1.43%.
Key levels to watch out:
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