AUDUSD on Tuesday dropped -1.38% to 0.64748. End April down by -0.71% or -46.2 pips lower. What we know.

AUDUSD on Tuesday dropped -1.38% to 0.64748. End April down by -0.71% or -46.2 pips lower. What we know.

AUDUSD Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday -1.38% -90.6 Pips
Week to-date -0.88% -57.2 Pips
April -0.71% -46.2 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Thu 02:30 AM AUD Trade Balance (1-mth)

What happened lately

🇦🇺 Australia AiG Industry Index in March dropped to -8.9 points compared to previous figure -5.3 points in February
🇺🇸 U.S. Housing Price Index (1-mth) in February rose to 1.2% compared to previous figure -0.1% in January
🇦🇺 Australia Retail Trade Turnover (seasonally adjusted) (1-mth) in March dropped to -0.4% compared to previous figure 0.2% (revised from 0.3%) Source: Australian Bureau of Statistics

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What can we expect from AUDUSD today?

AUDUSD on Tuesday dropped -1.38% to 0.64748. 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 0.64403 with break below could see further selling pressure towards S2 at 0.64059. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.65650 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.64682 would indicate selling pressure.

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

AUDUSD ended month of April trading session down by -0.71% or -46.2 pips lower.

Key levels to watch out:

R3 0.66339
R2 0.65995
R1 0.65371
Daily Pivot 0.65027
S1 0.64403
S2 0.64059
S3 0.63435

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