AUDUSD on Thursday rose 0.08% to 0.65824. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday0.08%5.5 Pips
Week to-date-0.17%-11.1 Pips
January-3.31%-225.4 Pips

Upcoming key events (London Time)

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

What happened lately

🇺🇸 U.S. Gross Domestic Product Price Index in Q4 preliminary estimate below forecast and dropped to 1.5% compared to previous figure 3.3% in Q3 Source: Bureau of Economic Analysis
🇺🇸 U.S. Core Personal Consumption Expenditures (3-mth) in Q4 preliminary estimate unchanged at 2% compared to previous report in Q3. The actual figure is also in line with the forecast Source: Bureau of Economic Analysis
🇺🇸 U.S. Durable Goods Orders excluding Transportation in December exceed forecast and rose to 0.6% compared to previous figure 0.4, revised from 0.5% in November Source: Census Bureau

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What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.08% to 0.65824. 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 0.65621 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66098 or trades above daily pivot 0.65859. Break above could target R1 at 0.66063. While to the downside, we are looking at 0.65621 (S1) and daily low of 0.65656 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.66098 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:

R30.66505
R20.66301
R10.66063
Daily Pivot0.65859
S10.65621
S20.65417
S30.65179

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