AUDUSD on Thursday dropped -0.15% to 0.65698. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday-0.15%-9.7 Pips
Week to-date0.16%10.4 Pips
March1.15%74.5 Pips

Upcoming key events (London Time)

Fri 01:00 PM USD Federal Reserve Chair Jerome Powell speech

What happened lately

🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in March dropped to 3.2 points compared to previous figure 5.2 points in February
🇺🇸 U.S. Interest Rate Projections – 2nd year dropped to 3.1% compared to previous rate 3.6%
🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.5% compared to previous rate 5.5% Source: Federal Reserve
🇺🇸 U.S. Interest Rate Projections – Longer rose to 2.6% compared to previous rate 2.5%
🇺🇸 U.S. Interest Rate Projections – 1st year below forecast and dropped to 3.9% compared to previous rate 4.6%
🇺🇸 U.S. Interest Rate Projections dropped to 4.6% compared to previous rate 5.4%

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What can we expect from AUDUSD today?

AUDUSD on Thursday dropped -0.15% to 0.65698. 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 0.65421 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66345 or trades above daily pivot 0.65883. Break above could target R1 at 0.6616. While to the downside, we are looking at 0.65421 (S1) and daily low of 0.65606 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.65606 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:

R30.66899
R20.66622
R10.6616
Daily Pivot0.65883
S10.65421
S20.65144
S30.64682

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