AUDUSD on Wednesday dropped -0.68% to 0.66213. Why it matters.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	-0.68%	-45.1 Pips
Week to-date	-1.06%	-70.7 Pips
May	2.26%	146.2 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

No major activities.

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Wednesday dropped -0.68% to 0.66213. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks bearish as the pair posted lower in Wednesday trading session.

Looking ahead for the day, immediate support level is at S1 0.65907 with break below could see further selling pressure towards S2 at 0.65602. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.66852 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.66074 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: