AUDUSD on Monday dropped -0.79% to 0.66183. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	-0.79%	-52.9 Pips
Week to-date	-0.79%	-52.9 Pips
December	0.23%	15 Pips

Upcoming key events (London Time)

Tue 03:30 AM AUD RBA Interest Rate Decision (Cash Rate Target)
Tue 03:30 AM AUD RBA Cash Rate Statement
Tue 03:00 PM USD ISM Services PMI
Wed 12:30 AM AUD GDP (3-mth)

What happened lately

🇺🇸 U.S. Factory Orders (1-mth) in October exceed forecast and dropped to -3.6% compared to previous figure 2.3, revised from 2.8% in September Source: Census Bureau
🇦🇺 Australia TD Securities Inflation (12-mth) in November dropped to 4.4% compared to previous figure 5.1% in October

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Monday dropped -0.79% to 0.66183. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65858 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66880 or trades above daily pivot 0.66369. Break above could target R1 at 0.66694. While to the downside, we are looking at 0.65858 (S1) and daily low of 0.66044 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.66044 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: