|Performance after Tuesday|
|Week to-date||1.92%||126 Pips|
Upcoming key events (London Time)
Wed 12:30 PM USD Retail Sales (1-mth)
Wed 12:30 PM USD Retail Control Group
Thu 12:30 AM AUD Employment Change (seasonally adjusted)
Thu 12:30 AM AUD Unemployment Rate (seasonally adjusted)
What happened lately
📆 ☢️ 🇺🇸 USD CPI Inflation Rate excluding Food & Energy sectors (1-mth) in February exceed forecast and rose to 0.5% compared to previous figure 0.4% in January. Source
What can we expect from AUDUSD today?
AUDUSD on Tuesday rose 0.23% to 0.66790. Price is above 9-Day EMA while Stochastic is rising in neutral zone.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.66412 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66975 or trades above daily pivot 0.66693. While to the downside, the daily low of 0.66315 and 0.66412 (S1) as immediate support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.66975 would suggest bullish bias after recent positive movement.
For the week to-date, take note that AUDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
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