AUDUSD on Monday dropped -0.06% to 0.65562. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Monday
Monday-0.06%-3.8 Pips
Week to-date-0.06%-3.8 Pips
March0.93%60.3 Pips

Upcoming key events (London Time)

Tue 03:30 AM AUD RBA Interest Rate Decision (Cash Rate Target)
Wed 06:00 PM USD FOMC Monetary Policy Statement
Wed 06:00 PM USD FOMC Economic Projections
Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from AUDUSD today?

AUDUSD on Monday dropped -0.06% to 0.65562. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65463 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65740 or trades above daily pivot 0.65602. Break above could target R1 at 0.657. While to the downside, we are looking at 0.65463 (S1) and daily low of 0.65503 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.65503 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 Pivot0.65602

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