AUDUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.36% | 23.6 Pips |  |
||
| Week to-date | -0.92% | -61.4 Pips |  |
||
| April | -0.84% | -56.4 Pips |  |
||
Upcoming key events (London Time)
No major events for the day.
What happened lately
USD Pending Home Sales (1-mth) in March rose to 0.8% compared to previous figure 0.8%. 🇺🇸 Core Personal Consumption Expenditures (3-mth) in Q1 preliminary estimate exceed forecast and rose to 4.9% compared to previous figure 4.4% in Q4 Bureau of Economic Analysis 🇺🇸 GDP Annualized in Q1 preliminary estimate below forecast and dropped to 1.1% compared to previous figure 2.6% in Q4 Bureau of Economic Analysis 🇺🇸 In the week ending 22 April, the Initial Unemployment Insurance Claims dropped to 230K compared to previous figure 245K Department of Labor USD Durable Goods Orders excluding Transportation in March rose to 0.3% compared to previous figure -0.3% (revised from 0%). Census Bureau
🇦🇺 Monthly CPI Inflation Rate (12-mth) in March below forecast and dropped to 6.1% compared to previous figure 6.8% in February Australian Bureau of Statistics 🇦🇺 CPI Inflation Rate (3-mth) in Q1 exceed forecast and dropped to 1.4% compared to previous figure 1.9% in Q4 Australian Bureau of Statistics 🇦🇺 RBA Trimmed Mean CPI (3-mth) in Q1 below forecast and dropped to 1.2% compared to previous figure 1.7% in Q4 Reserve Bank of Australia
What can we expect from AUDUSD today?
AUDUSD on Thursday rose 0.36% to 0.66276. 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 0.66027 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66352 or trades above daily pivot 0.66189. Break above could target R1 at 0.66439. While to the downside, we are looking at 0.66027 (S1) and daily low of 0.65940 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.66352 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 | 0.66851 |
| R2 | 0.66601 |
| R1 | 0.66439 |
| Daily Pivot | 0.66189 |
| S1 | 0.66027 |
| S2 | 0.65777 |
| S3 | 0.65615 |
You might be interested in:
Gross Domestic Product, First Quarter 2023 (Advance Estimate). Bureau of Economic Analysis Advance Monthly Manufacturers’ Shipments, Inventories, and Orders. Census Bureau Advance Retail Inventories. Census Bureau Advance U.S. International Trade in Goods. Census Bureau Advance Wholesale Inventories. Census Bureau New Home Sales. Census Bureau
CPI rose 1.4 per cent in the March 2023 quarter. Australian Bureau of Statistics
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