AUDUSD on Thursday rose 0.43% to 0.65410. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.43%	28 Pips
Week to-date	-0.55%	-36 Pips
April	0.31%	20 Pips

Upcoming key events (London Time)

Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

🇺🇸 U.S. Producer Price Index (1-mth) in March dropped to 0.2% compared to previous figure 0.6% in February
🇺🇸 U.S. Monthly Budget Statement in March improved to -236$ compared to previous figure -296$ in February Source: Bureau of the Fiscal Service

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.43% to 0.65410. 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 0.65107 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65530 or trades above daily pivot 0.65318. Break above could target R1 at 0.65622. While to the downside, we are looking at 0.65107 (S1) and daily low of 0.65015 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65530 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: