AUDUSD on Thursday rose 0.62% to 0.66208. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.62%	41 Pips
Week to-date	0.19%	12.4 Pips
May	2.25%	145.7 Pips

Upcoming key events (London Time)

Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

🇺🇸 In the week ending 04 May, U.S. Initial Unemployment Insurance Claims rose to 231K compared to previous figure 209K (revised from 208K) Source: Department of Labor
🇦🇺 Australia Retail Sales (3-mth) in Q1 dropped to 0.3% compared to previous figure 0.4% (revised from 0.3%) Source: Australian Bureau of Statistics

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.62% to 0.66208. Price is above 9-Day EMA while Stochastic is falling.

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 0.66409 with break above could target R2 at 0.6661 or figure level area. While towards the downside, we are looking at daily low of 0.65649 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.66230 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: