AUDUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.38% | 25.9 Pips |  |
||
| Week to-date | 0.44% | 30 Pips | |
||
| December | 3.39% | 224.1 Pips |  |
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Upcoming key events (London Time)
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What can we expect from AUDUSD today?
AUDUSD on Tuesday rose 0.38% to 0.68279. Price is above 9-Day EMA while Stochastic is rising in overbought 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 0.6839 with break above could target R2 at 0.68502 or figure level area. While towards the downside, we are looking at daily low of 0.67969 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.68291 may suggest continuation after recent positive movement.
For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 0.44% over the past few days.
Key levels to watch out:
| R3 | 0.68712 |
| R2 | 0.68502 |
| R1 | 0.6839 |
| Daily Pivot | 0.6818 |
| S1 | 0.68068 |
| S2 | 0.67858 |
| S3 | 0.67746 |
