AUDUSD on Tuesday dropped -0.16% to 0.66446. What we know.

AUDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	-0.16%	-10.4 Pips
Week to-date	0.14%	9.6 Pips
June	0.23%	15.2 Pips

Upcoming key events (London Time)

Wed 02:30 AM AUD Monthly CPI Indicator (12-mth)
Wed 09:30 PM USD Bank Stress Test Results
Thu 01:30 PM USD GDP Annualized

What happened lately

🇺🇸 U.S. Housing Price Index (1-mth) in April rose to 0.2% compared to previous figure 0.1% in March

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What can we expect from AUDUSD today?

AUDUSD on Tuesday dropped -0.16% to 0.66446. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks bearish as the pair posted lower in Tuesday trading session.

Looking ahead for the day, immediate support level is at S1 0.66285 with break below could see further selling pressure towards S2 at 0.66125. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.66730 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.66347 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: