AUDUSD on Monday rose 0.4% to 0.63350. What we know.
|Performance after Monday|
|Week to-date||0.4%||25.4 Pips|
Upcoming key events (London Time)
Tue 09:00 AM AUD RBA Governor Bullock speech
Wed 01:30 AM AUD CPI Inflation Rate (3-mth)
Wed 01:30 AM AUD Monthly CPI Inflation Rate (12-mth)
What happened lately
No major activities.
What can we expect from AUDUSD today?
AUDUSD on Monday rose 0.4% to 0.63350. 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 0.63599 with break above could target R2 at 0.63847 or figure level area. While towards the downside, we are looking at daily low of 0.62884 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.63490 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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