AUDUSD on Thursday rose 1.02% to 0.67991. What is going on.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	1.02%	68.9 Pips
Week to-date	1.48%	99 Pips
December	2.97%	195.8 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇺🇸 U.S. Personal Consumption Expenditures Prices (3-mth) in Q3 below forecast and dropped to 2.6% compared to previous figure 2.8% in Q2 Source: Bureau of Economic Analysis
🇺🇸 U.S. Gross Domestic Product Price Index in Q3 below forecast and dropped to 3.3% compared to previous figure 3.5% in Q2 Source: Bureau of Economic Analysis
🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in December below forecast and dropped to -10.5 points compared to previous figure -5.9 points in November

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Thursday rose 1.02% to 0.67991. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.68233 with break above could target R2 at 0.68475 or figure level area. While towards the downside, we are looking at daily low of 0.67355 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.68036 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 1.48% over the past few days.

Key levels to watch out: