AUDUSD on Thursday dropped -0.67% to 0.65801. What we know.

AUDUSD Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday-0.67%-44.6 Pips
Week to-date-0.63%-41.7 Pips
March1.3%84.7 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Monthly Retail Trade (1-mth) in February rose to 0.6% compared to previous figure -0.8% in January Source: Census Bureau
🇺🇸 U.S. PPI excluding Food and Energy sectors (12-mth) in February unchanged at 2% compared to previous report in January.

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What can we expect from AUDUSD today?

AUDUSD on Thursday dropped -0.67% to 0.65801. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks bearish as the pair posted lower in Thursday trading session.

Looking ahead for the day, immediate support level is at S1 0.65576 with break below could see further selling pressure towards S2 at 0.6535. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.66317 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.65721 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:

R30.66768
R20.66542
R10.66172
Daily Pivot0.65946
S10.65576
S20.6535
S30.6498

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