AUDUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.45% | -30.5 Pips |  |
||
| Week to-date | 1.11% | 74.4 Pips |  |
||
| April | 1.11% | 74.4 Pips | |
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Upcoming key events (London Time)
Wed 03:30 AM AUD RBA’s Governor Philip Lowe speech 
Thu 03:00 PM AUD Good Friday
What happened lately
📆 🇦🇺 AUD AiG Industry Index | Feb in February dropped to -6.1 points compared to previous figure -1.8 points in January. 📆 🇦🇺 AUD S&P Global Services PMI | Mar in March exceed forecast and rose to 50.7 points compared to previous figure 48.2 points in February. 
📆 🇺🇸 USD Factory Orders (1-mth) | Feb in February exceed forecast and improved to -0.7% compared to previous figure -2.1, revised from -1.6% in January. 📆 ☢️ 🇦🇺 AUD RBA Interest Rate Decision (Cash Rate Target) unchanged at 3.6% compared to previous rate 3.6%. 📆 🇺🇸 USD S&P Global Manufacturing PMI | Mar in March below forecast and dropped to 49.2 points compared to previous figure 49.3 points in February.
What can we expect from AUDUSD today?
AUDUSD on Tuesday dropped -0.45% to 0.67515. 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 0.67166 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67932 or trades above daily pivot 0.67549. Break above could target R1 at 0.67898. While to the downside, we are looking at 0.67166 (S1) and daily low of 0.67200 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.67200 would indicate selling pressure.
For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 1.11% over the past few days.
Key levels to watch out:
| R3 | 0.6863 |
| R2 | 0.68281 |
| R1 | 0.67898 |
| Daily Pivot | 0.67549 |
| S1 | 0.67166 |
| S2 | 0.66817 |
| S3 | 0.66434 |
You might be interested in:
February job openings and layoffs and discharges decrease; quits edge up. Bureau of Labor Statistics Publications Construction Spending. Census Bureau
Statement by Philip Lowe, Governor: Monetary Policy Decision. Reserve Bank of Australia
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