AUDUSD on Tuesday rose 0.41% to 0.63640. What we know.

AUDUSD Analysis

Performance after Tuesday
Tuesday0.41%26.2 Pips
Week to-date1.1%69.3 Pips
October-1.09%-70 Pips

Upcoming key events (London Time)

Thu 01:30 AM AUD Monthly Employment Change (seasonally adjusted)
Thu 01:30 AM AUD Unemployment Rate (seasonally adjusted)

What happened lately

🇺🇸 U.S. Monthly Retail Trade (1-mth) in September exceed forecast and dropped to 0.7% compared to previous figure 0.8, revised from 0.6% in August Census Bureau
🇺🇸 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 Tuesday rose 0.41% to 0.63640. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks bullish as the pair ended higher after Tuesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.6384 with break above could target R2 at 0.6404 or figure level area. While towards the downside, we are looking at daily low of 0.63360 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.63800 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:

Daily Pivot0.636

You might be interested in:

Minutes of the Board’s discount rate meetings from August 21 and September 20, 2023. Federal Reserve
Advance Monthly Sales for Retail and Food Services. Census Bureau
Business Formation Statistics. Census Bureau

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