AUDUSD on Wednesday rose 0.05% to 0.66439. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.05%	3.2 Pips
Week to-date	0.13%	8.9 Pips
June	0.2%	13.2 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD GDP Annualized
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. Housing Price Index (1-mth) in April rose to 0.2% compared to previous figure 0.1% in March

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Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Wednesday rose 0.05% to 0.66439. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.66231 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66890 or trades above daily pivot 0.66561. Break above could target R1 at 0.66768. While to the downside, we are looking at 0.66231 (S1) and daily low of 0.66353 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.66890 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: