AUDUSD on Thursday rose 0.75% to 0.65731. What we know.

AUDUSD on Thursday rose 0.75% to 0.65731. What we know.

AUDUSD Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday 0.75% 49.1 Pips
Week to-date 0.63% 41.1 Pips
May 1.51% 98 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Average Hourly Earnings (1-mth)
Fri 01:30 PM USD Average Hourly Earnings (12-mth)
Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

๐Ÿ‡บ๐Ÿ‡ธ U.S. Factory Orders (1-mth) in March rose to 1.6% compared to previous figure 1.2, revised from 1.4% in February Source: Census Bureau
๐Ÿ‡บ๐Ÿ‡ธ U.S. Unit Labor Costs in Q1 preliminary estimate rose to 0.4% compared to previous figure 0.4% Source: Bureau of Labor Statistics
๐Ÿ‡บ๐Ÿ‡ธ U.S. Challenger Job Cuts in April dropped to 64.789K compared to previous figure 90.309K in March
๐Ÿ‡บ๐Ÿ‡ธ U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.5% compared to previous rate 5.5% Source: Federal Reserve
๐Ÿ‡บ๐Ÿ‡ธ U.S. Job Openings and Labor Turnover Survey (JOLTS) in March dropped to 8.488M compared to previous figure 8.813, revised from 8.756M in February Source: Bureau of Labor Statistics
๐Ÿ‡ฆ๐Ÿ‡บ Australia AiG Industry Index in March dropped to -8.9 points compared to previous figure -5.3 points in February

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What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.75% to 0.65731. 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 0.65926 with break above could target R2 at 0.6612 or figure level area. While towards the downside, we are looking at daily low of 0.65151 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.65733 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 0.63% over the past few days.

Key levels to watch out:

R3 0.66508
R2 0.6612
R1 0.65926
Daily Pivot 0.65538
S1 0.65344
S2 0.64956
S3 0.64762

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