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AUDUSD on Monday dropped -0.09% to 0.67018. Pair in consolidation. What we know.

AUDUSD on Monday dropped -0.09% to 0.67018. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.09% -6.2 Pips
Week to-date -0.12% -7.9 Pips
April 0.23% 15.1 Pips

Upcoming key events (London Time)

Tue 02:30 AM AUD RBA Meeting Minutes

What happened lately

No major activities.


AUDUSD 4-hour Chart by TradingView

What can we expect from AUDUSD today?

AUDUSD on Monday dropped -0.09% to 0.67018. 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 0.66815 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67191 or trades above daily pivot 0.67003. Break above could target R1 at 0.67206. While to the downside, we are looking at 0.66815 (S1) and daily low of 0.66800 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.66800 would indicate selling pressure.

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

Key levels to watch out:

R3 0.67597
R2 0.67394
R1 0.67206
Daily Pivot 0.67003
S1 0.66815
S2 0.66612
S3 0.66424

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