AUDUSD on Tuesday rose 0.74% to 0.66551. What we know.

AUDUSD Analysis

Performance after Tuesday
Tuesday0.74%48.7 Pips
Week to-date1.13%74.1 Pips
November5.03%318.6 Pips

Upcoming key events (London Time)

Wed 12:30 AM AUD Monthly CPI Inflation Rate (12-mth)
Wed 01:30 PM USD GDP Annualized
Thu 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

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 Tuesday rose 0.74% to 0.66551. 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 Tuesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.66819 with break above could target R2 at 0.67088 or figure level area. While towards the downside, we are looking at daily low of 0.65958 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.66657 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 1.13% over the past few days.

Key levels to watch out:

Daily Pivot0.66389

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