AUDUSD on Wednesday rose 0.04% to 0.65256. What we know.

AUDUSD Analysis

Performance after Wednesday
PeriodPctChgMomentum
Wednesday0.04%2.5 Pips
Week to-date0.24%15.7 Pips
February-0.62%-40.9 Pips

Upcoming key events (London Time)

Thu 10:30 PM AUD RBA Governor Michele Bullock speech

What happened lately

🇦🇺 Australia AiG Industry Index in December dropped to -27.3 points compared to previous figure -22.4 points in November
🇦🇺 Australia RBA Interest Rate Decision (Cash Rate Target) unchanged at 4.35% compared to previous rate 4.35% Source: Reserve Bank of Australia
🇦🇺 Australia Retail Sales (3-mth) in Q4 rose to 0.3% compared to previous figure 0.2% in Q3

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What can we expect from AUDUSD today?

AUDUSD on Wednesday rose 0.04% to 0.65256. Price is below 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.65389 with break above could target R2 at 0.65521 or figure level area. While towards the downside, we are looking at daily low of 0.65150 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.65402 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:

R30.65641
R20.65521
R10.65389
Daily Pivot0.65269
S10.65137
S20.65017
S30.64885

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