AUDUSD on Thursday rose 0.37% to 0.65765. Pair in consolidation. What we know.

AUDUSD on Thursday rose 0.37% to 0.65765. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday 0.37% 24.5 Pips
Week to-date -1.63% -109.1 Pips
January -3.4% -231.3 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in January below forecast and improved to -10.6 points compared to previous figure -12.8, revised from -10.5 points in December
🇦🇺 Australia Consumer Inflation Expectations in January unchanged at 4.5% compared to previous report in December.
🇺🇸 U.S. Industrial Production (1-mth) in December rose to 0.1% compared to previous figure 0.2%
🇺🇸 U.S. Monthly Retail Trade excluding Automobile (1-mth) in December exceed forecast and rose to 0.4% compared to previous figure 0.2% in November

Latest from X (Twitter)

What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.37% to 0.65765. 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 0.65414 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65780 or trades above daily pivot 0.65597. Break above could target R1 at 0.65948. While to the downside, we are looking at 0.65414 (S1) and daily low of 0.65246 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65780 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -1.63%.

Key levels to watch out:

R3 0.66482
R2 0.66131
R1 0.65948
Daily Pivot 0.65597
S1 0.65414
S2 0.65063
S3 0.6488

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