AUDUSD on Thursday rose 0.53% to 0.66966. What we know.

AUDUSD Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday0.53%35.6 Pips
Week to-date1.86%122.1 Pips
December1.41%93.3 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 In the week ending 09 December, U.S. Initial Unemployment Insurance Claims dropped to 202K compared to previous figure 220K Source: Department of Labor
🇺🇸 U.S. Monthly Retail Trade (1-mth) in November exceed forecast and rose to 0.3% compared to previous figure -0.2, revised from -0.1% in October Source: Census Bureau
🇦🇺 Australia Labour Force Monthly Employment Change in November exceed forecast and rose to 61.5K compared to previous figure 55K in October Source: Australian Bureau of Statistics
🇦🇺 Australia Labour Force Unemployment Rate in November exceed forecast and rose to 3.9% compared to previous figure 3.7% in October Source: Australian Bureau of Statistics
🇺🇸 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 (12-mth) in November below forecast and dropped to 0.9% compared to previous figure 1.2, revised from 1.3% in October
🇺🇸 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

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What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.53% to 0.66966. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.67296 with break above could target R2 at 0.67625 or figure level area. While towards the downside, we are looking at daily low of 0.66615 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67285 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 1.86% over the past few days.

Key levels to watch out:

R30.67966
R20.67625
R10.67296
Daily Pivot0.66955
S10.66626
S20.66285
S30.65956

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