AUDUSD on Tuesday dropped -0.61% to 0.67647. What we know.

AUDUSD Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday-0.61%-41.3 Pips
Week to-date-0.82%-55.8 Pips
January-0.82%-55.8 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.

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What can we expect from AUDUSD today?

AUDUSD on Tuesday dropped -0.61% to 0.67647. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks bearish as the pair posted lower in Tuesday trading session.

Looking ahead for the day, immediate support level is at S1 0.67341 with break below could see further selling pressure towards S2 at 0.67034. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.68390 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.67559 would indicate selling pressure.

For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -0.82%.

Key levels to watch out:

R30.69003
R20.68696
R10.68172
Daily Pivot0.67865
S10.67341
S20.67034
S30.6651

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