AUDUSD on Tuesday rose 0.16% to 0.65501. Pair in consolidation. What is going on.

AUDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.16%	10.4 Pips
Week to-date	0.34%	22.2 Pips
February	-0.25%	-16.4 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.

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Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Tuesday rose 0.16% to 0.65501. 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 0.6521 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65790 or trades above daily pivot 0.655. Break above could target R1 at 0.65791. While to the downside, we are looking at 0.6521 (S1) and daily low of 0.65209 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65790 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 0.34% over the past few days.

Key levels to watch out: