AUDUSD on Tuesday dropped -0.05% to 0.66080. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Tuesday
Tuesday-0.05%-3.3 Pips
Week to-date-0.25%-16.3 Pips
March1.69%109.6 Pips

Upcoming key events (London Time)

Thu 12:30 PM USD PPI excluding Food and Energy sectors (12-mth)
Thu 12:30 PM USD Monthly Retail Trade (1-mth)

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from AUDUSD today?

AUDUSD on Tuesday dropped -0.05% to 0.66080. 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 0.65817 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66388 or trades above daily pivot 0.66102. Break above could target R1 at 0.66366. While to the downside, we are looking at 0.65817 (S1) and daily low of 0.65839 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.65839 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:

Daily Pivot0.66102

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