AUDUSD on Tuesday dropped -0.02% to 0.66074. Pair in consolidation. How it happened.

AUDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	-0.02%	-1.3 Pips
Week to-date	0.38%	24.7 Pips
June	-0.35%	-22.9 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 01:30 PM USD CPI Inflation Rate (1-mth)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD Interest Rate Projections
Thu 02:30 AM AUD Labour Force Monthly Employment Change
Thu 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)

What happened lately

No major activities.

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Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Tuesday dropped -0.02% to 0.66074. 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 0.65925 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66135 or trades above daily pivot 0.6603. Break above could target R1 at 0.66179. While to the downside, we are looking at 0.65925 (S1) and daily low of 0.65881 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.65881 would indicate selling pressure.

For the week to-date, take note that AUDUSD is mixed as compared to the prior week.

Key levels to watch out: