AUDUSD on Thursday dropped -0.12% to 0.66822. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	-0.12%	-8.2 Pips
Week to-date	1.23%	81.2 Pips
May	3.2%	207.1 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Industrial Production (1-mth) in April dropped to 0% compared to previous figure 0.4% in March
🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in May dropped to 4.5 points compared to previous figure 15.5 points in April
🇺🇸 U.S. CPI Inflation Rate (1-mth) in April dropped to 0.3% compared to previous figure 0.4% in March Source: Bureau of Labor Statistics
🇺🇸 U.S. Monthly Retail Trade (1-mth) in April dropped to 0% compared to previous figure 0.6, revised from 0.7% in March Source: Census Bureau
🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (1-mth) in April dropped to 0.3% compared to previous figure 0.4% in March Source: Bureau of Labor Statistics
🇺🇸 U.S. New York Empire State Manufacturing Index in May dropped to -15.6 points compared to previous figure -14.3 points in April
🇦🇺 Australia Wage Price Index (3-mth) in Q1 dropped to 0.8% compared to previous figure 1% (revised from 0.9%)

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What can we expect from AUDUSD today?

AUDUSD on Thursday dropped -0.12% to 0.66822. 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 0.66526 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67141 or trades above daily pivot 0.66833. Break above could target R1 at 0.6713. While to the downside, we are looking at 0.66526 (S1) and daily low of 0.66537 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.66537 would indicate selling pressure.

For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 1.23% over the past few days.

Key levels to watch out: