AUDUSD on Thursday dropped -0.4% to 0.64930. What we know.

AUDUSD Analysis

Performance after Thursday
Thursday-0.4%-26.3 Pips
Week to-date-0.26%-16.9 Pips
February-1.12%-73.5 Pips

Upcoming key events (London Time)

Thu 10:30 PM AUD RBA Governor Michele Bullock speech

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from AUDUSD today?

AUDUSD on Thursday dropped -0.4% to 0.64930. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks bearish as the pair posted lower in Thursday trading session.

Looking ahead for the day, immediate support level is at S1 0.64713 with break below could see further selling pressure towards S2 at 0.64497. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.65320 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.64800 would indicate selling pressure.

For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -0.26%.

Key levels to watch out:

Daily Pivot0.65017

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