AUDUSD on Tuesday dropped -0.07% to 0.65620. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday-0.07%-4.7 Pips
Week to-date-0.19%-12.6 Pips
December-0.63%-41.4 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Thu 12:30 AM AUD Labour Force Monthly Employment Change
Thu 01:30 PM USD Monthly Retail Trade (1-mth)

What happened lately

🇺🇸 U.S. CPI Inflation Rate (12-mth) in November dropped to 3.1% compared to previous figure 3.2% in October Source: Bureau of Labor Statistics

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What can we expect from AUDUSD today?

AUDUSD on Tuesday dropped -0.07% to 0.65620. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65301 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66120 or trades above daily pivot 0.65711. Break above could target R1 at 0.66029. While to the downside, we are looking at 0.65301 (S1) and daily low of 0.65392 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.65392 would indicate selling pressure.

For the week to-date, take note that AUDUSD is mixed as compared to the prior week.

Key levels to watch out:

R30.66757
R20.66439
R10.66029
Daily Pivot0.65711
S10.65301
S20.64983
S30.64573

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