AUDUSD on Wednesday rose 1.15% to 0.64149. What we know.
|Performance after Wednesday|
|Week to-date||1.2%||76 Pips|
Upcoming key events (London Time)
Thu 12:30 AM AUD Trade Balance (1-mth)
Fri 12:30 PM USD Nonfarm Payroll Employment
What happened lately
🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.5% compared to previous rate 5.5% Federal Reserve
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in September exceed forecast and rose to 9.553M compared to previous figure 9.497, revised from 9.61M in August Bureau of Labor Statistics
🇦🇺 Australia Building Permits (1-mth) in September below forecast and dropped to -4.6% compared to previous figure 7% in August Australian Bureau of Statistics
🇦🇺 Australia AiG Industry Index in September dropped to -9.9 points compared to previous figure -3.5 points in August
🇺🇸 U.S. Housing Price Index (1-mth) in August exceed forecast and dropped to 0.6% compared to previous figure 0.8% in July
🇺🇸 U.S. Employment Cost Index in Q3 exceed forecast and rose to 1.1% compared to previous figure 1% in Q2
What can we expect from AUDUSD today?
AUDUSD on Wednesday rose 1.15% to 0.64149. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for AUDUSD looks bullish as the pair ended higher after Wednesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.6449 with break above could target R2 at 0.6483 or figure level area. While towards the downside, we are looking at daily low of 0.63177 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.64174 may suggest continuation after recent positive movement.
For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 1.2% over the past few days.
Key levels to watch out:
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