AUDUSD on Tuesday rose 0.2% to 0.65830. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday0.2%13.1 Pips
Week to-date-0.16%-10.5 Pips
January-3.3%-224.8 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD GDP Annualized

What happened lately

No major activities.

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What can we expect from AUDUSD today?

AUDUSD on Tuesday rose 0.2% to 0.65830. 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 0.6552 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66123 or trades above daily pivot 0.65821. Break above could target R1 at 0.66132. While to the downside, we are looking at 0.6552 (S1) and daily low of 0.65511 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.66123 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:

R30.66744
R20.66433
R10.66132
Daily Pivot0.65821
S10.6552
S20.65209
S30.64908

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