AUDUSD on Monday rose 0.21% to 0.66222. Pair in consolidation. How it happened.

AUDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.21%	13.8 Pips
Week to-date	0.21%	13.8 Pips
May	2.27%	147.1 Pips

Upcoming key events (London Time)

Tue 05:30 AM AUD RBA Interest Rate Decision (Cash Rate Target)

What happened lately

🇦🇺 Australia TD Securities Inflation (12-mth) in April dropped to 3.7% compared to previous figure 3.8% in March

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What can we expect from AUDUSD today?

AUDUSD on Monday rose 0.21% to 0.66222. 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 0.66052 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66383 or trades above daily pivot 0.66218. Break above could target R1 at 0.66387. While to the downside, we are looking at 0.66052 (S1) and daily low of 0.66048 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.66383 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: