AUDUSD on Thursday rose 0.28% to 0.66289. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.28%	18.3 Pips
Week to-date	0.03%	1.9 Pips
May	2.38%	153.8 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇺🇸 U.S. GDP Annualized in Q1 flash estimate dropped to 1.3% compared to previous figure 1.6% in Q4 Source: Bureau of Economic Analysis
🇺🇸 In the week ending 25 May, U.S. Initial Unemployment Insurance Claims rose to 219K compared to previous figure 216K (revised from 215K) Source: Department of Labor

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.28% to 0.66289. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65968 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66477 or trades above daily pivot 0.66223. Break above could target R1 at 0.66543. While to the downside, we are looking at 0.65968 (S1) and daily low of 0.65902 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.66477 may suggest continuation after recent positive movement.

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

Key levels to watch out: