AUDUSD on Monday rose 0.75% to 0.65618. What we know.
|Performance after Monday|
|Week to-date||0.75%||48.9 Pips|
Upcoming key events (London Time)
Mon 11:00 PM AUD RBA Governor Michele Bullock speech
Tue 12:30 AM AUD RBA Meeting Minutes
Tue 07:00 PM USD FOMC Meeting Minutes
What happened lately
No major activities.
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What can we expect from AUDUSD today?
AUDUSD on Monday rose 0.75% to 0.65618. Price is above 9-Day EMA while Stochastic is rising in overbought 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 0.65844 with break above could target R2 at 0.66071 or figure level area. While towards the downside, we are looking at daily low of 0.65003 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.65650 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 0.75% over the past few days.
Key levels to watch out:
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