AUDUSD on Monday rose 0.41% to 0.66077. What we know.

AUDUSD Analysis

Performance after Monday
PeriodPctChgMomentum
Monday0.41%26.7 Pips
Week to-date0.41%26.7 Pips
November4.28%271.2 Pips

Upcoming key events (London Time)

Tue 12:30 AM AUD Retail Trade Turnover (seasonally adjusted) (1-mth)
Tue 03:20 AM AUD RBA Governor Michele Bullock speech
Wed 12:30 AM AUD Monthly CPI Inflation Rate (12-mth)
Wed 01:30 PM USD GDP Annualized

What happened lately

🇺🇸 U.S. New-Home Sales Change (1-mth) in October below forecast and dropped to -5.6% compared to previous figure 8.6, revised from 12.3% in September

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What can we expect from AUDUSD today?

AUDUSD on Monday rose 0.41% to 0.66077. Price is above 9-Day EMA while Stochastic is rising.

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 0.66257 with break above could target R2 at 0.66437 or figure level area. While towards the downside, we are looking at daily low of 0.65663 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.66140 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 0.41% over the past few days.

Key levels to watch out:

R30.66734
R20.66437
R10.66257
Daily Pivot0.6596
S10.6578
S20.65483
S30.65303

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