AUDUSD on Monday dropped -0.51% to 0.64876. What we know.

AUDUSD on Monday dropped -0.51% to 0.64876. What we know.

AUDUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.51% -33.4 Pips
Week to-date -0.51% -33.5 Pips
April -0.51% -33.5 Pips

Upcoming key events (London Time)

Tue 01:30 AM AUD RBA Meeting Minutes

What happened lately

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What can we expect from AUDUSD today?

AUDUSD on Monday dropped -0.51% to 0.64876. Price is below 9-Day EMA while Stochastic is rising.

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 0.64655 with break below could see further selling pressure towards S2 at 0.64435. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.65390 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.64802 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 0.65831
R2 0.65611
R1 0.65243
Daily Pivot 0.65023
S1 0.64655
S2 0.64435
S3 0.64067

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