AUDUSD on Tuesday rose 0.39% to 0.65139. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.39%	25 Pips
Week to-date	-0.1%	-6.4 Pips
April	-0.1%	-6.4 Pips

Upcoming key events (London Time)

Wed 05:10 PM USD Federal Reserve Chair Jerome Powell speech

What happened lately

🇦🇺 Australia AiG Industry Index in February improved to -5.3 points compared to previous figure -14.9 points in January
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in February rose to 8.756M compared to previous figure 8.748, revised from 8.863M in January Source: Bureau of Labor Statistics
🇺🇸 U.S. Factory Orders (1-mth) in February rose to 1.4% compared to previous figure -3.8, revised from -3.6% in January Source: Census Bureau
🇦🇺 Australia TD Securities Inflation (12-mth) in March dropped to 3.8% compared to previous figure 4% in February
🇦🇺 Australia TD Securities Inflation (12-mth) in March dropped to 3.8% compared to previous figure 4% in February

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Tuesday rose 0.39% to 0.65139. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.64911 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65238 or trades above daily pivot 0.65074. Break above could target R1 at 0.65303. While to the downside, we are looking at 0.64911 (S1) and daily low of 0.64846 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65238 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: