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AUDUSD on Monday dropped -0.34% to 0.66450. Pair in consolidation. What we know.

AUDUSD on Monday dropped -0.34% to 0.66450. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.34% -23 Pips
Week to-date -0.34% -23 Pips
April -0.58% -38.7 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD CPI Inflation Rate (12-mth) | Mar
Wed 01:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (12-mth) | Mar
Wed 07:00 PM USD FOMC 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 -0.34% to 0.66450. 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 0.66153 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66801 or trades above daily pivot 0.66477. Break above could target R1 at 0.66774. While to the downside, we are looking at 0.66153 (S1) and daily low of 0.66180 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.66180 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 0.67395
R2 0.67098
R1 0.66774
Daily Pivot 0.66477
S1 0.66153
S2 0.65856
S3 0.65532

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