AUDUSD on Monday dropped -0.43% to 0.64818. What we know.

AUDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	-0.43%	-28.1 Pips
Week to-date	-0.43%	-28.1 Pips
February	-1.29%	-84.7 Pips

Upcoming key events (London Time)

Tue 03:30 AM AUD RBA Interest Rate Decision (Cash Rate Target)

What happened lately

🇦🇺 Australia TD Securities Inflation (12-mth) in January dropped to 4.6% compared to previous figure 5.2% in December

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What can we expect from AUDUSD today?

AUDUSD on Monday dropped -0.43% to 0.64818. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks bearish as the pair posted lower in Monday trading session.

Looking ahead for the day, immediate support level is at S1 0.646 with break below could see further selling pressure towards S2 at 0.64381. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.65201 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.64682 would indicate selling pressure.

For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -0.43%.

Key levels to watch out: