AUDUSD on Thursday rose 0.84% to 0.66184. What we know.

AUDUSD Analysis

Performance after Thursday
Thursday0.84%54.9 Pips
Week to-date1.43%93.3 Pips
March1.89%122.5 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

🇺🇸 In the week ending 02 March, Initial Unemployment Insurance Claims in U.S. was unchanged at 217K compared to previous figure 217K (revised from 215K) Source: Department of Labor
🇺🇸 U.S. Nonfarm Business Labor Productivity in Q4 unchanged at 3.2% compared to previous report in Q3. Source: Bureau of Labor Statistics
🇺🇸 U.S. Challenger Job Cuts in February rose to 84.638K compared to previous figure 82.307K in January
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in January dropped to 8.863M compared to previous figure 9.026M in December Source: Bureau of Labor Statistics
🇦🇺 Australia GDP (3-mth) in Q4 dropped to 0.2% compared to previous figure 0.3% (revised from 0.2%) Source: Australian Bureau of Statistics
🇦🇺 Australia GDP (12-mth) in Q4 dropped to 1.5% compared to previous figure 2.1% in Q3 Source: Australian Bureau of Statistics

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What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.84% to 0.66184. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.66408 with break above could target R2 at 0.66632 or figure level area. While towards the downside, we are looking at daily low of 0.65636 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.66246 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 1.43% over the past few days.

Key levels to watch out:

Daily Pivot0.66022

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