AUDUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.37% | 24.9 Pips |  |
||
| Week to-date | 0.43% | 29 Pips |  |
||
| April | 0.78% | 52 Pips | |
||
Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 Building Permits (1-mth) in March below forecast and dropped to 1.413M compared to previous figure 1.55, revised from 1.524M in February Census Bureau
What can we expect from AUDUSD today?
AUDUSD on Tuesday rose 0.37% to 0.67267. Price is above 9-Day EMA while Stochastic is falling.
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 0.67506 with break above could target R2 at 0.67745 or figure level area. While towards the downside, we are looking at daily low of 0.66960 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67472 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 | 0.68018 |
| R2 | 0.67745 |
| R1 | 0.67506 |
| Daily Pivot | 0.67233 |
| S1 | 0.66994 |
| S2 | 0.66721 |
| S3 | 0.66482 |
You might be interested in:
Minutes of the Board’s discount rate meetings from February 21 through March 22, 2023. Federal Reserve New Residential Construction. Census Bureau Business Formation Statistics. Census Bureau
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