AUDUSD on Wednesday rose 0.19% to 0.66227. What we know.

AUDUSD Analysis

Performance after Wednesday
PeriodPctChgMomentum
Wednesday0.19%12.6 Pips
Week to-date-0.02%-1.5 Pips
March1.91%124.4 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

🇺🇸 U.S. Monthly Budget Statement in February dropped to -296$ compared to previous figure -22$ in January Source: Bureau of the Fiscal Service

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What can we expect from AUDUSD today?

AUDUSD on Wednesday rose 0.19% to 0.66227. Price is above 9-Day EMA while Stochastic is falling.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.66388 with break above could target R2 at 0.66548 or figure level area. While towards the downside, we are looking at daily low of 0.65997 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.66353 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:

R30.66744
R20.66548
R10.66388
Daily Pivot0.66192
S10.66032
S20.65836
S30.65676

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