Categories
Forex

AUDUSD on Tuesday dropped -0.53% to 0.66131. What we know.

AUDUSD on Tuesday dropped -0.53% to 0.66131. What we know.

AUDUSD Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday -0.53% -35.2 Pips
Week to-date -0.55% -36.9 Pips
May 0.03% 1.8 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Meeting Minutes
Thu 01:30 PM USD GDP Annualized

What happened lately

🇺🇸 New Residential Sales (1-mth) in April exceed forecast and rose to 0.683M compared to previous figure 0.656, revised from 0.683M in March Census Bureau


AUDUSD 4-hour Chart by TradingView

What can we expect from AUDUSD today?

AUDUSD on Tuesday dropped -0.53% to 0.66131. Price is below 9-Day EMA while Stochastic is falling in oversold zone.

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 0.65919 with break below could see further selling pressure towards S2 at 0.65706. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.66620 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.66057 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 0.67045
R2 0.66832
R1 0.66482
Daily Pivot 0.66269
S1 0.65919
S2 0.65706
S3 0.65356

You might be interested in:

Gross Domestic Product for the U.S. Virgin Islands, 2021. Bureau of Economic Analysis

Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.

Leave a Reply

Your email address will not be published. Required fields are marked *