AUDUSD on Wednesday dropped -0.46% to 0.67206. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	-0.46%	-30.9 Pips
Week to-date	0.53%	35.6 Pips
April	0.54%	35.8 Pips

Upcoming key events (London Time)

Thu 03:00 PM AUD Good Friday
Fri 06:00 AM USD Good Friday
Fri 01:30 PM USD Nonfarm Payroll Employment | Mar

What happened lately

📆 🇺🇸 USD S&P Global Composite PMI | Mar in March below forecast and dropped to 52.3 points compared to previous figure 53.3 points in February.
📆 🇺🇸 USD Goods and Services Trade Balance | Feb in February exceed forecast and dropped to -70.5$ compared to previous figure -68.7, revised from -68.3$ in January.
📆 🇦🇺 AUD AiG Industry Index | Feb in February dropped to -6.1 points compared to previous figure -1.8 points in January.
📆 🇦🇺 AUD S&P Global Services PMI | Mar in March exceed forecast and rose to 50.7 points compared to previous figure 48.2 points in February.
📆 🇺🇸 USD Factory Orders (1-mth) | Feb in February exceed forecast and improved to -0.7% compared to previous figure -2.1, revised from -1.6% in January.
📆 ☢️ 🇦🇺 AUD RBA Interest Rate Decision (Cash Rate Target) unchanged at 3.6% compared to previous rate 3.6%.
📆 🇺🇸 USD S&P Global Manufacturing PMI | Mar in March below forecast and dropped to 49.2 points compared to previous figure 49.3 points in February.

What can we expect from AUDUSD today?

AUDUSD on Wednesday dropped -0.46% to 0.67206. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.66712 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67796 or trades above daily pivot 0.67254. Break above could target R1 at 0.67748. While to the downside, we are looking at 0.66712 (S1) and daily low of 0.66760 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.66760 would indicate selling pressure.

For the week to-date, take note that AUDUSD is mixed as compared to the prior week.

Key levels to watch out:

You might be interested in:

U.S. International Trade in Goods and Services. Census Bureau
Manufacturers’ Shipments, Inventories, and Orders. Census Bureau
February job openings and layoffs and discharges decrease; quits edge up. Bureau of Labor Statistics Publications
Statement by Philip Lowe, Governor: Monetary Policy Decision. Reserve Bank of Australia
Construction Spending. Census Bureau

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