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AUDUSD on Monday rose 0.09% to 0.65269. Pair in consolidation. What we know.

AUDUSD on Monday rose 0.09% to 0.65269. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday 0.09% 5.6 Pips
Week to-date 0.01% 0.4 Pips
February -0.53% -34.6 Pips

Upcoming key events (London Time)

Tue 01:30 PM USD CPI Inflation Rate (1-mth)
Tue 01:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

No major activities.

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What can we expect from AUDUSD today?

AUDUSD on Monday rose 0.09% to 0.65269. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65114 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65431 or trades above daily pivot 0.65273. Break above could target R1 at 0.65427. While to the downside, we are looking at 0.65114 (S1) and daily low of 0.65118 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65431 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 0.6574
R2 0.65586
R1 0.65427
Daily Pivot 0.65273
S1 0.65114
S2 0.6496
S3 0.64801

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