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AUDUSD on Monday rose 0.96% to 0.67027. Pair in consolidation. What we know.

AUDUSD on Monday rose 0.96% to 0.67027. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday 0.96% 63.6 Pips
Week to-date 0.96% 63.6 Pips
May 1.38% 91.5 Pips

Upcoming key events (London Time)

Tue 02:30 AM AUD RBA Meeting Minutes
Tue 01:30 PM USD Retail Trade Turnover (1-mth)
Tue 01:30 PM USD Retail Trade Control Group

What happened lately

No major activities.


AUDUSD 4-hour Chart by TradingView

What can we expect from AUDUSD today?

AUDUSD on Monday rose 0.96% to 0.67027. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.66596 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67087 or trades above daily pivot 0.66841. Break above could target R1 at 0.67273. While to the downside, we are looking at 0.66596 (S1) and daily low of 0.66410 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.67087 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 0.6795
R2 0.67518
R1 0.67273
Daily Pivot 0.66841
S1 0.66596
S2 0.66164
S3 0.65919

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