AUDUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.33% | -22.3 Pips |  |
||
| Week to-date | 0.4% | 27.1 Pips |  |
||
| December | 3.35% | 221.2 Pips | |
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Upcoming key events (London Time)
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What happened lately
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Tweets by Australian Bureau of Statistics
What can we expect from AUDUSD today?
AUDUSD on Thursday dropped -0.33% to 0.68245. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.68075 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.68710 or trades above daily pivot 0.68392. Break above could target R1 at 0.68563. While to the downside, we are looking at 0.68075 (S1) and daily low of 0.68222 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.68222 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 | 0.69051 |
| R2 | 0.6888 |
| R1 | 0.68563 |
| Daily Pivot | 0.68392 |
| S1 | 0.68075 |
| S2 | 0.67904 |
| S3 | 0.67587 |
