AUDUSD on Tuesday rose 0.7% to 0.65277. What is going on.

AUDUSD Analysis

Performance after Tuesday
Tuesday0.7%45.3 Pips
Week to-date0.27%17.8 Pips
February-0.6%-39.2 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇦🇺 Australia RBA Interest Rate Decision (Cash Rate Target) unchanged at 4.35% compared to previous rate 4.35% Source: Reserve Bank of Australia
🇦🇺 Australia TD Securities Inflation (12-mth) in January dropped to 4.6% compared to previous figure 5.2% in December

Latest from X (Twitter)

What can we expect from AUDUSD today?

AUDUSD on Tuesday rose 0.7% to 0.65277. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks bullish as the pair ended higher after Tuesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.65445 with break above could target R2 at 0.65614 or figure level area. While towards the downside, we are looking at daily low of 0.64790 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.65286 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 Pivot0.65118

Leave a comment

Your email address will not be published.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