AUDUSD on Wednesday rose 0.17% to 0.66724. What we know.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.17%	11.6 Pips
Week to-date	0.9%	59.5 Pips
June	0.64%	42.5 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

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What can we expect from AUDUSD today?

AUDUSD on Wednesday rose 0.17% to 0.66724. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.66802 with break above could target R2 at 0.66879 or figure level area. While towards the downside, we are looking at daily low of 0.66591 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.66774 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: