AUDUSD on Tuesday rose 0.33% to 0.63573. What we know.
|Performance after Tuesday|
|Week to-date||0.58%||36.9 Pips|
Upcoming key events (London Time)
Wed 01:30 AM AUD CPI Inflation Rate (3-mth)
Wed 01:30 AM AUD Monthly CPI Inflation Rate (12-mth)
Wed 09:35 PM USD Federal Reserve Chair Jerome Powell speech
Wed 11:00 PM AUD RBA Governor Bullock speech
Thu 01:30 PM USD GDP Annualized
What happened lately
No major activities.
What can we expect from AUDUSD today?
AUDUSD on Tuesday rose 0.33% to 0.63573. 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 0.63791 with break above could target R2 at 0.64009 or figure level area. While towards the downside, we are looking at daily low of 0.63349 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.63788 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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