AUDUSD on Monday dropped -0.12% to 0.66140. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Monday
PeriodPctChgMomentum
Monday-0.12%-7.8 Pips
Week to-date-0.12%-7.8 Pips
March1.82%118.1 Pips

Upcoming key events (London Time)

Tue 12:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

No major activities.

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What can we expect from AUDUSD today?

AUDUSD on Monday dropped -0.12% to 0.66140. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.6598 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66267 or trades above daily pivot 0.66123. Break above could target R1 at 0.66284. While to the downside, we are looking at 0.6598 (S1) and daily low of 0.65963 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.65963 would indicate selling pressure.

For the week to-date, take note that AUDUSD is mixed as compared to the prior week.

Key levels to watch out:

R30.66588
R20.66427
R10.66284
Daily Pivot0.66123
S10.6598
S20.65819
S30.65676

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