AUDUSD on Tuesday rose 0.62% to 0.66589. What we know.

AUDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.62%	41.3 Pips
Week to-date	0.69%	45.8 Pips
June	0.43%	28.4 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Industrial Production (1-mth) in May rose to 0.9% compared to previous figure 0% in April
🇺🇸 U.S. Monthly Retail Trade (1-mth) in May rose to 0.1% compared to previous figure -0.2, revised from 0% in April Source: Census Bureau
🇦🇺 Australia RBA Interest Rate Decision (Cash Rate Target) unchanged at 4.35% compared to previous rate 4.35% Source: Reserve Bank of Australia
🇺🇸 U.S. New York Empire State Manufacturing Index in June improved to -6 points compared to previous figure -15.6 points in May

Latest from X (Twitter)

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What can we expect from AUDUSD today?

AUDUSD on Tuesday rose 0.62% to 0.66589. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.6679 with break above could target R2 at 0.6699 or figure level area. While towards the downside, we are looking at daily low of 0.65995 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.66593 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is mixed as compared to the prior week.

Key levels to watch out: