AUDUSD on Tuesday rose 0.17% to 0.65453. What we know.

AUDUSD Analysis

Performance after Tuesday
Tuesday0.17%11.2 Pips
Week to-date-0.25%-16.6 Pips
February-0.33%-21.4 Pips

Upcoming key events (London Time)

Wed 12:30 AM AUD Monthly CPI Inflation Rate (12-mth)
Wed 01:30 PM USD GDP Annualized
Thu 12:30 AM AUD Retail Trade Turnover (seasonally adjusted) (1-mth)
Thu 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)
Thu 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)

What happened lately

🇺🇸 U.S. Housing Price Index (1-mth) in December dropped to 0.1% compared to previous figure 0.4, revised from 0.3% in November
🇺🇸 U.S. Durable Goods Orders in January dropped to -6.1% compared to previous figure -0.3, revised from 0% in December Source: Census Bureau

Latest from X (Twitter)

What can we expect from AUDUSD today?

AUDUSD on Tuesday rose 0.17% to 0.65453. Price is above 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 0.65607 with break above could target R2 at 0.65761 or figure level area. While towards the downside, we are looking at daily low of 0.65245 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.65580 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 Pivot0.65426

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