AUDUSD on Wednesday dropped -0.42% to 0.66205. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Wednesday
Wednesday-0.42%-28 Pips
Week to-date0.6%39.5 Pips
November4.48%284 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)
Fri 04:00 PM USD Federal Reserve Chair Jerome Powell speech

What happened lately

🇺🇸 U.S. Housing Price Index (1-mth) in September unchanged at 0.6% compared to previous report in August.

Latest from X (Twitter)

What can we expect from AUDUSD today?

AUDUSD on Wednesday dropped -0.42% to 0.66205. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65917 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66766 or trades above daily pivot 0.66341. Break above could target R1 at 0.6663. While to the downside, we are looking at 0.65917 (S1) and daily low of 0.66053 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.66053 would indicate selling pressure.

For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 0.6% over the past few days.

Key levels to watch out:

Daily Pivot0.66341

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