AUDUSD on Thursday rose 0.05% to 0.64983. End February down by -1.04% or -68.2 pips lower. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday0.05%3 Pips
Week to-date-0.97%-63.6 Pips
February-1.04%-68.2 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Personal Consumption Expenditures – Price Index (1-mth) in January rose to 0.3% compared to previous figure 0.2% in December
🇺🇸 U.S. Personal Income (1-mth) in January rose to 1% compared to previous figure 0.3% in December Source: Bureau of Economic Analysis
🇦🇺 Australia Retail Trade Turnover (seasonally adjusted) (1-mth) in January rose to 1.1% compared to previous figure -2.7% in December Source: Australian Bureau of Statistics
🇦🇺 Australia Private Capital Expenditure in Q4 rose to 0.8% compared to previous figure 0.6% in Q3
🇺🇸 U.S. Core Personal Consumption Expenditures (3-mth) in Q4 flash estimate rose to 2.1% compared to previous figure 2% in Q3 Source: Bureau of Economic Analysis
🇺🇸 U.S. GDP Annualized in Q4 flash estimate dropped to 3.2% compared to previous figure 3.3% in Q3 Source: Bureau of Economic Analysis
🇦🇺 Australia Monthly CPI Indicator (12-mth) in January unchanged at 3.4% compared to previous report in December. Source: Australian Bureau of Statistics

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What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.05% to 0.64983. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.64795 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65312 or trades above daily pivot 0.65053. Break above could target R1 at 0.65242. While to the downside, we are looking at 0.64795 (S1) and daily low of 0.64865 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65312 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -0.97%.

AUDUSD ended month of February trading session down by -1.04% or -68.2 pips lower.

Key levels to watch out:

R30.65689
R20.655
R10.65242
Daily Pivot0.65053
S10.64795
S20.64606
S30.64348

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