AUDUSD on Tuesday rose 0.35% to 0.66934. What we know.

AUDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.35%	23.4 Pips
Week to-date	0.51%	33.7 Pips
July	0.51%	33.7 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Meeting Minutes
Thu 02:30 AM AUD Trade Balance (1-mth)
Thu 01:15 PM USD ADP Non-Farm Employment Change
Thu 03:00 PM USD ISM Services PMI

What happened lately

🇦🇺 Australia RBA Interest Rate Decision (Cash Rate Target) below forecast and unchanged at 4.1% compared to previous rate 4.1% Reserve Bank of Australia
🇦🇺 Australia RBA Interest Rate Decision (Cash Rate Target) below forecast and unchanged at 4.1% compared to previous rate 4.1% Reserve Bank of Australia

What can we expect from AUDUSD today?

AUDUSD on Tuesday rose 0.35% to 0.66934. Price is above 9-Day EMA while Stochastic is rising in oversold zone.

Updated daily direction for AUDUSD looks bullish as the pair ended higher after Tuesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.67189 with break above could target R2 at 0.67443 or figure level area. While towards the downside, we are looking at daily low of 0.66410 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67054 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:

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