AUDUSD on Tuesday dropped -0.19% to 0.65988. Pair in consolidation. What we know.

AUDUSD on Tuesday dropped -0.19% to 0.65988. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday -0.19% -12.3 Pips
Week to-date 0.41% 27 Pips
January -3.07% -209 Pips

Upcoming key events (London Time)

Wed 12:30 AM AUD CPI Inflation Rate (3-mth)
Wed 12:30 AM AUD Monthly CPI Inflation Rate (12-mth)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)

What happened lately

🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in December exceed forecast and rose to 9.026M compared to previous figure 8.925, revised from 8.79M in November Source: Bureau of Labor Statistics
🇺🇸 U.S. Housing Price Index (1-mth) in November unchanged at 0.3% compared to previous report in October.

Latest from X (Twitter)

What can we expect from AUDUSD today?

AUDUSD on Tuesday dropped -0.19% to 0.65988. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65742 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66243 or trades above daily pivot 0.65992. Break above could target R1 at 0.66239. While to the downside, we are looking at 0.65742 (S1) and daily low of 0.65746 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.65746 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:

R3 0.66736
R2 0.66489
R1 0.66239
Daily Pivot 0.65992
S1 0.65742
S2 0.65495
S3 0.65245

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