AUDUSD on Wednesday dropped -0.02% to 0.65777. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Wednesday
PeriodPctChgMomentum
Wednesday-0.02%-1.3 Pips
Week to-date-0.24%-15.8 Pips
January-3.38%-230 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD GDP Annualized
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

No major activities.

Latest from X (Twitter)


What can we expect from AUDUSD today?

AUDUSD on Wednesday dropped -0.02% to 0.65777. 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 0.65551 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66210 or trades above daily pivot 0.6588. Break above could target R1 at 0.66107. While to the downside, we are looking at 0.65551 (S1) and daily low of 0.65654 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.65654 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:

R30.66663
R20.66436
R10.66107
Daily Pivot0.6588
S10.65551
S20.65324
S30.64995

Leave a comment

Your email address will not be published. Required fields are marked *