AUDUSD on Thursday rose 0.45% to 0.65250. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.45%	29.4 Pips
Week to-date	1.7%	109 Pips
April	0.06%	4 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇺🇸 U.S. Core Personal Consumption Expenditures (3-mth) in Q1 flash estimate rose to 3.7% compared to previous figure 2% in Q4 Source: Bureau of Economic Analysis
🇺🇸 U.S. GDP Annualized in Q1 flash estimate dropped to 1.6% compared to previous figure 3.4% in Q4 Source: Bureau of Economic Analysis
🇺🇸 In the week ending 20 April, U.S. Initial Unemployment Insurance Claims dropped to 207K compared to previous figure 212K Source: Department of Labor
🇺🇸 U.S. Nondefense Capital Goods Orders excluding Aircraft in March dropped to 0.2% compared to previous figure 0.4% (revised from 0.7%) Source: Census Bureau
🇦🇺 Australia CPI Inflation Rate (3-mth) in Q1 rose to 1% compared to previous figure 0.6% in Q4 Source: Australian Bureau of Statistics
🇦🇺 Australia CPI Inflation Rate (12-mth) in Q1 dropped to 3.6% compared to previous figure 4.1% in Q4 Source: Australian Bureau of Statistics

Latest from X (Twitter)

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What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.45% to 0.65250. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.64936 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65389 or trades above daily pivot 0.65162. Break above could target R1 at 0.65477. While to the downside, we are looking at 0.64936 (S1) and daily low of 0.64848 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65389 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 1.7% over the past few days.

Key levels to watch out: