AUDUSD on Thursday dropped -0.39% to 0.67048. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Thursday
Thursday-0.39%-26.1 Pips
Week to-date-1.51%-103 Pips
January-1.51%-103 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. Challenger Job Cuts in December dropped to 34.817K compared to previous figure 45.51K in November
🇺🇸 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 Thursday dropped -0.39% to 0.67048. Price is below 9-Day EMA while Stochastic is falling in oversold zone.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.66806 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67600 or trades above daily pivot 0.67203. Break above could target R1 at 0.67445. While to the downside, we are looking at 0.66806 (S1) and daily low of 0.66961 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.66961 would indicate selling pressure.

For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -1.51%.

Key levels to watch out:

Daily Pivot0.67203

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