AUDUSD on Monday rose 0.45% to 0.66570. What we know.

AUDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.45%	30 Pips
Week to-date	0.45%	30 Pips
May	2.81%	181.9 Pips

Upcoming key events (London Time)

Tue 02:30 AM AUD Retail Trade Turnover (seasonally adjusted) (1-mth)
Wed 02:30 AM AUD Monthly CPI Indicator (12-mth)

What happened lately

No major activities.

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What can we expect from AUDUSD today?

AUDUSD on Monday rose 0.45% to 0.66570. Price is above 9-Day EMA while Stochastic is rising.

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 0.66708 with break above could target R2 at 0.66845 or figure level area. While towards the downside, we are looking at daily low of 0.66217 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.66600 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: