AUDUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.14% | 9.4 Pips |  |
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| Week to-date | 0.08% | 5.2 Pips | |
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| June | 2.79% | 181.1 Pips | |
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Upcoming key events (London Time)
Wed 02:30 AM AUD Monthly CPI Inflation Rate (12-mth)
Wed 02:30 PM USD Federal Reserve Chair Jerome Powell speech Wed 09:30 PM USD Bank Stress Test Results Thu 02:30 AM AUD Retail Trade Turnover (seasonally adjusted) (1-mth) Thu 01:30 PM USD GDP Annualized (12-mth)
What happened lately
🇺🇸 U.S. New Residential Sales (1-mth) in May exceed forecast and rose to 0.763M compared to previous figure 0.68, revised from 0.683M in April Census Bureau 🇺🇸 U.S. Housing Price Index (1-mth) in April exceed forecast and rose to 0.7% compared to previous figure 0.5, revised from 0.6% in March 🇺🇸 U.S. Durable Goods Orders excluding Transportation in May rose to 0.6% compared to previous figure -0.6% (revised from -0.2%) Census Bureau
What can we expect from AUDUSD today?
AUDUSD on Tuesday rose 0.14% to 0.66825. 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 0.66611 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67206 or trades above daily pivot 0.66909. Break above could target R1 at 0.67122. While to the downside, we are looking at 0.66611 (S1) and daily low of 0.66695 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.67206 may suggest continuation after recent positive movement.
For the week to-date, take note that AUDUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.67633 |
| R2 | 0.6742 |
| R1 | 0.67122 |
| Daily Pivot | 0.66909 |
| S1 | 0.66611 |
| S2 | 0.66398 |
| S3 | 0.661 |
You might be interested in:
Advance Monthly Manufacturers’ Shipments, Inventories, and Orders. Census Bureau
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