AUDUSD on Tuesday rose 0.28% to 0.66244. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.28%	18.4 Pips
Week to-date	0.35%	23.4 Pips
May	2.31%	149.3 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 01:30 PM USD Monthly Retail Trade (1-mth)
Thu 02:30 AM AUD Labour Force Monthly Employment Change

What happened lately

🇺🇸 U.S. Producer Price Index (1-mth) in April rose to 0.5% compared to previous figure -0.1, revised from 0.2% in March

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Tuesday rose 0.28% to 0.66244. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65926 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66280 or trades above daily pivot 0.66103. Break above could target R1 at 0.66421. While to the downside, we are looking at 0.65926 (S1) and daily low of 0.65785 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.66280 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: