AUDUSD on Wednesday dropped -0.02% to 0.65510. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	-0.02%	-1.1 Pips
Week to-date	-1.8%	-120.2 Pips
December	-0.79%	-52.3 Pips

Upcoming key events (London Time)

Thu 12:30 AM AUD Trade Balance (1-mth)
Fri 01:30 PM USD Nonfarm Payroll Employment
Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in October below forecast and dropped to 8.733M compared to previous figure 9.35, revised from 9.553M in September Source: Bureau of Labor Statistics
🇦🇺 Australia RBA Interest Rate Decision (Cash Rate Target) unchanged at 4.35% compared to previous rate 4.35% Source: Reserve Bank of Australia

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Wednesday dropped -0.02% to 0.65510. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65326 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65970 or trades above daily pivot 0.65648. Break above could target R1 at 0.65832. While to the downside, we are looking at 0.65326 (S1) and daily low of 0.65464 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.65464 would indicate selling pressure.

For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -1.8%.

Key levels to watch out: