AUDUSD on Thursday dropped -0.64% to 0.66710. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	-0.64%	-43.3 Pips
Week to-date	-0.21%	-14 Pips
April	-0.22%	-14.5 Pips

Upcoming key events (London Time)

Fri 06:00 AM USD Good Friday
Fri 01:30 PM USD Nonfarm Payroll Employment | Mar

What happened lately

🇺🇸 📆 USD In the week ending 01 April, the Initial Unemployment Insurance Claims rose to 228K compared to previous figure 198K. Department of Labor
📆 ☢️ 🇦🇺 AUD Trade Balance (1-mth) | Feb in February exceed forecast and rose to 13870M compared to previous figure 11688M in January. Australian Bureau of Statistics
📆 🇦🇺 AUD Exports (1-mth) | Feb in February dropped to -3% compared to previous figure 1% in January.
📆 🇺🇸 USD S&P Global Composite PMI | Mar in March below forecast and dropped to 52.3 points compared to previous figure 53.3 points in February.
📆 🇺🇸 USD Goods and Services Trade Balance | Feb in February exceed forecast and dropped to -70.5$ compared to previous figure -68.7, revised from -68.3$ in January.
📆 🇦🇺 AUD AiG Industry Index | Feb in February dropped to -6.1 points compared to previous figure -1.8 points in January.
📆 🇦🇺 AUD S&P Global Services PMI | Mar in March exceed forecast and rose to 50.7 points compared to previous figure 48.2 points in February.

What can we expect from AUDUSD today?

AUDUSD on Thursday dropped -0.64% to 0.66710. Price is below 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 0.66414 with break below could see further selling pressure towards S2 at 0.66118. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.67218 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.66520 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:

You might be interested in:

U.S. International Trade in Goods and Services, February 2023. Bureau of Economic Analysis
U.S. International Trade in Goods and Services. Census Bureau
Manufacturers’ Shipments, Inventories, and Orders. Census Bureau
February job openings and layoffs and discharges decrease; quits edge up. Bureau of Labor Statistics Publications
Statement by Philip Lowe, Governor: Monetary Policy Decision. Reserve Bank of Australia

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