AUDUSD on Thursday rose 0.07% to 0.65056. Pair in consolidation. How it happened.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.07%	4.5 Pips
Week to-date	-0.17%	-11.4 Pips
May	0.07%	4.5 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

🇺🇸 In the week ending 27 May, the Initial Unemployment Insurance Claims rose to 232K compared to previous figure 229K Department of Labor
🇺🇸 Nonfarm Business Labor Productivity in Q1 below forecast and improved to -2.1% compared to previous figure -2.7% in Q4 Bureau of Labor Statistics

What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.07% to 0.65056. Price is below 9-Day EMA while Stochastic is rising in oversold zone.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.64858 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65197 or trades above daily pivot 0.65028. Break above could target R1 at 0.65225. While to the downside, we are looking at 0.64858 (S1) and daily low of 0.64830 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65197 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:

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