AUDUSD on Tuesday dropped -0.51% to 0.66850. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday-0.51%-34 Pips
Week to-date-0.39%-26 Pips
January-1.8%-122.8 Pips

Upcoming key events (London Time)

Wed 12:30 AM AUD Monthly CPI Inflation Rate (12-mth)
Thu 12:30 AM AUD Trade Balance (1-mth)
Thu 01:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

No major activities.

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What can we expect from AUDUSD today?

AUDUSD on Tuesday dropped -0.51% to 0.66850. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.6663 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67343 or trades above daily pivot 0.66986. Break above could target R1 at 0.67207. While to the downside, we are looking at 0.6663 (S1) and daily low of 0.66766 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.66766 would indicate selling pressure.

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

Key levels to watch out:

R30.67784
R20.67563
R10.67207
Daily Pivot0.66986
S10.6663
S20.66409
S30.66053

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