AUDUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.27% | 18.1 Pips |  |
||
| Week to-date | -0.92% | -61.5 Pips |  |
||
| June | 1.73% | 112.6 Pips | |
||
Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. GDP Annualized in Q1 exceed forecast and rose to 2% compared to previous figure 1.3% in Q4 Bureau of Economic Analysis 🇺🇸 U.S. Core Personal Consumption Expenditures (3-mth) in Q1 below forecast and dropped to 4.9% compared to previous figure 5% in Q4 Bureau of Economic Analysis
🇦🇺 Australia Retail Trade Turnover (seasonally adjusted) (1-mth) in May exceed forecast and rose to 0.7% compared to previous figure 0% in April Australian Bureau of Statistics 🇦🇺 Australia Monthly CPI Inflation Rate (12-mth) in May below forecast and dropped to 5.6% compared to previous figure 6.8% in April Australian Bureau of Statistics
What can we expect from AUDUSD today?
AUDUSD on Thursday rose 0.27% to 0.66190. Price is below 9-Day EMA while Stochastic is falling in oversold zone.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65957 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66404 or trades above daily pivot 0.66181. Break above could target R1 at 0.66413. While to the downside, we are looking at 0.65957 (S1) and daily low of 0.65948 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.66404 may suggest continuation after recent positive movement.
For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -0.92%.
Key levels to watch out:
| R3 | 0.66869 |
| R2 | 0.66637 |
| R1 | 0.66413 |
| Daily Pivot | 0.66181 |
| S1 | 0.65957 |
| S2 | 0.65725 |
| S3 | 0.65501 |
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