AUDUSD on Wednesday rose 0.18% to 0.66990. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Wednesday
Wednesday0.18%12.2 Pips
Week to-date-0.18%-12 Pips
January-1.6%-108.8 Pips

Upcoming key events (London Time)

Thu 12:30 AM AUD Trade Balance (1-mth)
Thu 01:30 PM USD CPI Inflation Rate (12-mth)
Fri 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)

What happened lately

🇦🇺 Australia Monthly CPI Inflation Rate (12-mth) in November below forecast and dropped to 4.3% compared to previous figure 4.9% in October Source: Australian Bureau of Statistics

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What can we expect from AUDUSD today?

AUDUSD on Wednesday rose 0.18% to 0.66990. 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 0.66828 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67130 or trades above daily pivot 0.66979. Break above could target R1 at 0.67141. While to the downside, we are looking at 0.66828 (S1) and daily low of 0.66817 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.67130 may suggest continuation after recent positive movement.

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

Key levels to watch out:

Daily Pivot0.66979

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