AUDUSD on Monday rose 0.42% to 0.65654. What we know.

AUDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.42%	27.7 Pips
Week to-date	0.51%	33.4 Pips
April	0.68%	44.4 Pips

Upcoming key events (London Time)

Tue 02:30 AM AUD Retail Trade Turnover (seasonally adjusted) (1-mth)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)

What happened lately

No major activities.

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What can we expect from AUDUSD today?

AUDUSD on Monday rose 0.42% to 0.65654. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

Updated daily direction for AUDUSD looks bullish as the pair ended higher after Monday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.65894 with break above could target R2 at 0.66133 or figure level area. While towards the downside, we are looking at daily low of 0.65359 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.65866 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 0.51% over the past few days.

Key levels to watch out: