AUDUSD on Monday rose 0.55% to 0.63658. Pair in consolidation. What we know.
|Performance after Monday|
|Week to-date||0.55%||34.6 Pips|
Upcoming key events (London Time)
Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 06:00 PM USD FOMC Monetary Policy Statement
What happened lately
🇦🇺 Australia Retail Trade Turnover (seasonally adjusted) (1-mth) in September exceed forecast and rose to 0.9% compared to previous figure 0.2% in August Australian Bureau of Statistics
What can we expect from AUDUSD today?
AUDUSD on Monday rose 0.55% to 0.63658. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.63404 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.63835 or trades above daily pivot 0.63619. Break above could target R1 at 0.63874. While to the downside, we are looking at 0.63404 (S1) and daily low of 0.63365 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.63835 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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