AUDUSD on Thursday rose 0.14% to 0.65596. Pair in consolidation. Winners and losers.

AUDUSD Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday0.14%8.9 Pips
Week to-date0.49%31.7 Pips
February-0.11%-6.9 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇦🇺 Australia Wage Price Index (3-mth) in Q4 dropped to 0.9% compared to previous figure 1.3% in Q3

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What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.14% to 0.65596. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65347 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65950 or trades above daily pivot 0.65648. Break above could target R1 at 0.65898. While to the downside, we are looking at 0.65347 (S1) and daily low of 0.65399 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65950 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 0.49% over the past few days.

Key levels to watch out:

R30.66449
R20.66199
R10.65898
Daily Pivot0.65648
S10.65347
S20.65097
S30.64796

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