AUDUSD on Thursday dropped -0.06% to 0.66954. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday-0.06%-4 Pips
Week to-date-0.23%-15.6 Pips
January-1.65%-112.4 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)

What happened lately

🇺🇸 U.S. CPI Inflation Rate (12-mth) in December exceed forecast and rose to 3.4% compared to previous figure 3.1% in November Source: Bureau of Labor Statistics
🇺🇸 U.S. CPI Inflation Rate (1-mth) in December exceed forecast and rose to 0.3% compared to previous figure 0.1% in November Source: Bureau of Labor Statistics
🇺🇸 In the week ending 06 January, U.S. Initial Unemployment Insurance Claims dropped to 202K compared to previous figure 203K (revised from 202K) Source: Department of Labor
🇦🇺 Australia Trade Balance (1-mth) in December below forecast and dropped to 11.437M compared to previous figure 7129M in November Source: Australian Bureau of Statistics
🇦🇺 Australia Exports (1-mth) in December rose to 1.7% compared to previous figure 0.4% in November
🇦🇺 Australia Imports (1-mth) in December dropped to -7.9% compared to previous figure -1.9% in November
🇦🇺 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 Thursday dropped -0.06% to 0.66954. 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 0.66528 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67255 or trades above daily pivot 0.66892. Break above could target R1 at 0.67317. While to the downside, we are looking at 0.66528 (S1) and daily low of 0.66466 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.66466 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:

R30.68106
R20.67681
R10.67317
Daily Pivot0.66892
S10.66528
S20.66103
S30.65739

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