AUDUSD on Thursday dropped -0.18% to 0.66589. Things to look out.

AUDUSD on Thursday dropped -0.18% to 0.66589. Things to look out.

AUDUSD Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday -0.18% -12.3 Pips
Week to-date 0.7% 46 Pips
June 0.43% 28.6 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in June dropped to 1.3 points compared to previous figure 4.5 points in May

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What can we expect from AUDUSD today?

AUDUSD on Thursday dropped -0.18% to 0.66589. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks bearish as the pair posted lower in Thursday trading session.

Looking ahead for the day, immediate support level is at S1 0.66443 with break below could see further selling pressure towards S2 at 0.66297. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.66791 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.66471 would indicate selling pressure.

For the week to-date, take note that AUDUSD is mixed as compared to the prior week.

Key levels to watch out:

R3 0.67083
R2 0.66937
R1 0.66763
Daily Pivot 0.66617
S1 0.66443
S2 0.66297
S3 0.66123

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