AUDUSD on Wednesday rose 1.64% to 0.66669. What we know.

AUDUSD Analysis

Performance after Wednesday
PeriodPctChgMomentum
Wednesday1.64%107.5 Pips
Week to-date1.41%92.4 Pips
December0.96%63.6 Pips

Upcoming key events (London Time)

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. Interest Rate Projections – Longer unchanged at 2.5% compared to previous rate 2.5%
🇺🇸 U.S. Interest Rate Projections – 3rd year unchanged at 2.9% compared to previous rate 2.9%
🇺🇸 U.S. Interest Rate Projections – 2nd year dropped to 3.6% compared to previous rate 3.9%
🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.5% compared to previous rate 5.5% Source: Federal Reserve
🇺🇸 U.S. Interest Rate Projections dropped to 5.4% compared to previous rate 5.6%
🇺🇸 U.S. Interest Rate Projections – 1st year dropped to 4.6% compared to previous rate 5.1%
🇺🇸 U.S. Producer Price Index (1-mth) in November below forecast and rose to 0% compared to previous figure -0.4, revised from -0.5% in October
🇺🇸 U.S. Monthly Budget Statement in November exceed forecast and dropped to -314$ compared to previous figure -67$ in October Source: Bureau of the Fiscal Service
🇺🇸 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 Wednesday rose 1.64% to 0.66669. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks bullish as the pair ended higher after Wednesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.6713 with break above could target R2 at 0.6759 or figure level area. While towards the downside, we are looking at daily low of 0.65409 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.66730 may suggest continuation after recent positive movement.

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

Key levels to watch out:

R30.68451
R20.6759
R10.6713
Daily Pivot0.66269
S10.65809
S20.64948
S30.64488

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