AUDUSD on Monday rose 0.29% to 0.63765. What we know.
|Performance after Monday|
|Week to-date||0.29%||18.6 Pips|
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Tue 01:30 PM USD CPI Inflation Rate (1-mth)
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Wed 01:30 PM USD Monthly Retail Trade (1-mth)
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What can we expect from AUDUSD today?
AUDUSD on Monday rose 0.29% to 0.63765. Price is below 9-Day EMA while Stochastic is falling in oversold zone.
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 0.63945 with break above could target R2 at 0.64126 or figure level area. While towards the downside, we are looking at daily low of 0.63518 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.63912 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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