AUDUSD on Thursday rose 0.31% to 0.66690. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.31%	20.7 Pips
Week to-date	0.26%	17 Pips
June	0.26%	17 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Nonfarm Payroll Employment
Fri 01:30 PM USD Average Hourly Earnings (12-mth)

What happened lately

🇺🇸 U.S. Nonfarm Business Labor Productivity in Q1 dropped to 0.2% compared to previous figure 0.3% in Q4 Source: Bureau of Labor Statistics
🇦🇺 Australia Trade Balance (1-mth) in May rose to 6548M compared to previous figure 4841M (revised from 5024M) Source: Australian Bureau of Statistics
🇦🇺 Australia Imports (1-mth) in May dropped to -7.2% compared to previous figure 4.2% in April
🇦🇺 Australia Building Permits (1-mth) in April dropped to -0.3% compared to previous figure 2.7, revised from 1.9% in March Source: Australian Bureau of Statistics
🇦🇺 Australia Exports (1-mth) in May dropped to -2.5% compared to previous figure -0.6% (revised from 0.1%)
🇦🇺 Australia GDP (12-mth) in Q1 dropped to 1.1% compared to previous figure 1.5% in Q4 Source: Australian Bureau of Statistics
🇦🇺 Australia AiG Industry Index in April dropped to -40.3 points compared to previous figure -8.9 points in March

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.31% to 0.66690. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks bullish as the pair ended higher after Thursday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.66907 with break above could target R2 at 0.67123 or figure level area. While towards the downside, we are looking at daily low of 0.66330 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.66835 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: