AUDUSD on Thursday rose 0.69% to 0.65937. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.69%	45.1 Pips
Week to-date	-1.16%	-77.5 Pips
December	-0.15%	-9.6 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Nonfarm Payroll Employment
Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

🇺🇸 U.S. Challenger Job Cuts in November rose to 45.51K compared to previous figure 36.836K in October
🇺🇸 U.S. Nonfarm Business Labor Productivity in Q3 exceed forecast and rose to 5.2% compared to previous figure 4.7% in Q2 Source: Bureau of Labor Statistics

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Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.69% to 0.65937. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65392 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66198 or trades above daily pivot 0.65795. Break above could target R1 at 0.6634. While to the downside, we are looking at 0.65392 (S1) and daily low of 0.65250 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.66198 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: