AUDUSD on Wednesday dropped -0.46% to 0.67296. Winners and losers.

AUDUSD Analysis

Performance after Wednesday
PeriodPctChgMomentum
Wednesday-0.46%-30.8 Pips
Week to-date-1.15%-78.2 Pips
January-1.15%-78.2 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Average Hourly Earnings (12-mth)
Fri 01:30 PM USD Average Hourly Earnings (1-mth)
Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in November below forecast and dropped to 8.79M compared to previous figure 8.852, revised from 8.733M in October Source: Bureau of Labor Statistics

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What can we expect from AUDUSD today?

AUDUSD on Wednesday dropped -0.46% to 0.67296. Price is below 9-Day EMA while Stochastic is falling.

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

Looking ahead for the day, immediate support level is at S1 0.66972 with break below could see further selling pressure towards S2 at 0.66648. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.67706 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.67015 would indicate selling pressure.

For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -1.15%.

Key levels to watch out:

R30.68354
R20.6803
R10.67663
Daily Pivot0.67339
S10.66972
S20.66648
S30.66281

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