AUDUSD on Thursday rose 0.32% to 0.65821. What we know.

AUDUSD on Thursday rose 0.32% to 0.65821. What we know.

AUDUSD Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday 0.32% 21 Pips
Week to-date 0.95% 62.1 Pips
April 0.95% 62.1 Pips

Upcoming key events (London Time)

Fri 01:30 AM AUD Trade Balance (1-mth)
Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

🇺🇸 U.S. Challenger Job Cuts in March rose to 90.309K compared to previous figure 84.638K in February

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What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.32% to 0.65821. Price is above 9-Day EMA while Stochastic is rising.

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 0.66123 with break above could target R2 at 0.66425 or figure level area. While towards the downside, we are looking at daily low of 0.65651 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.66189 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 0.95% over the past few days.

Key levels to watch out:

R3 0.66661
R2 0.66425
R1 0.66123
Daily Pivot 0.65887
S1 0.65585
S2 0.65349
S3 0.65047

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