AUDUSD on Monday rose 0.5% to 0.64141. What we know.
|Performance after Monday|
|Week to-date||0.5%||32.2 Pips|
Upcoming key events (London Time)
Wed 01:30 PM USD Producer Price Index (12-mth)
Wed 07:00 PM USD FOMC Meeting Minutes
What happened lately
No major activities.
What can we expect from AUDUSD today?
AUDUSD on Monday rose 0.5% to 0.64141. Price is above 9-Day EMA while Stochastic is rising.
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 0.64389 with break above could target R2 at 0.64637 or figure level area. While towards the downside, we are looking at daily low of 0.63423 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.64154 may suggest continuation after recent positive movement.
For the week to-date, take note that AUDUSD is mixed as compared to the prior week.
Key levels to watch out:
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