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AUDUSD on Monday rose 0.07% to 0.65322. Pair in consolidation. What we know.

AUDUSD on Monday rose 0.07% to 0.65322. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday 0.07% 4.3 Pips
Week to-date 0.07% 4.3 Pips
February -0.52% -34.3 Pips

Upcoming key events (London Time)

Tue 12:30 AM AUD RBA Meeting Minutes
Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.

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What can we expect from AUDUSD today?

AUDUSD on Monday rose 0.07% to 0.65322. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65248 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65519 or trades above daily pivot 0.65384. Break above could target R1 at 0.65457. While to the downside, we are looking at 0.65248 (S1) and daily low of 0.65310 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65519 may suggest continuation after recent positive movement.

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

Key levels to watch out:

R3 0.65666
R2 0.65593
R1 0.65457
Daily Pivot 0.65384
S1 0.65248
S2 0.65175
S3 0.65039

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