AUDUSD on Monday rose 0.67% to 0.63367. What we know.
|Performance after Monday|
|Week to-date||0.67%||42 Pips|
Upcoming key events (London Time)
Tue 01:30 AM AUD RBA Meeting Minutes
Tue 01:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
🇺🇸 U.S. New York Empire State Manufacturing Index in October below forecast and dropped to -4.6 points compared to previous figure 1.9 points in September
What can we expect from AUDUSD today?
AUDUSD on Monday rose 0.67% to 0.63367. Price is below 9-Day EMA while Stochastic is falling.
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 0.63537 with break above could target R2 at 0.63707 or figure level area. While towards the downside, we are looking at daily low of 0.63023 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.63450 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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