AUDUSD on Thursday dropped -0.17% to 0.66057. End November up by 4.25% or 269.2 pips higher. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday-0.17%-11.1 Pips
Week to-date0.38%24.7 Pips
November4.25%269.2 Pips

Upcoming key events (London Time)

Fri 04:00 PM USD Federal Reserve Chair Jerome Powell speech

What happened lately

🇺🇸 U.S. Personal Spending in October dropped to 0.2% compared to previous figure 0.7% in September Source: Bureau of Economic Analysis
🇺🇸 In the week ending 25 November, U.S. Initial Unemployment Insurance Claims rose to 218K compared to previous figure 211K (revised from 209K) Source: Department of Labor
🇦🇺 Australia Private Capital Expenditure in Q3 below forecast and dropped to 0.6% compared to previous figure 2.8% in Q2

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What can we expect from AUDUSD today?

AUDUSD on Thursday dropped -0.17% to 0.66057. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65673 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66502 or trades above daily pivot 0.66088. Break above could target R1 at 0.66471. While to the downside, we are looking at 0.65673 (S1) and daily low of 0.65704 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.65704 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 0.38% over the past few days.

AUDUSD ended month of November trading session up by 4.25% or 269.2 pips higher.

Key levels to watch out:

R30.67269
R20.66886
R10.66471
Daily Pivot0.66088
S10.65673
S20.6529
S30.64875

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