AUDUSD on Monday rose 0.49% to 0.67814. What we know.

AUDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.49%	33.4 Pips
Week to-date	0.49%	33.4 Pips
May	2.56%	169 Pips

Upcoming key events (London Time)

Tue 10:30 AM AUD Budget Release
Wed 01:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

🇦🇺 Building Permits (1-mth) in March below forecast and dropped to -0.1% compared to previous figure 4% in February Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Monday rose 0.49% to 0.67814. 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 0.681 with break above could target R2 at 0.68386 or figure level area. While towards the downside, we are looking at daily low of 0.67396 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.68034 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 0.49% over the past few days.

Key levels to watch out:

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