AUDUSD on Wednesday rose 0.05% to 0.66513. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.05%	3.3 Pips
Week to-date	-0.01%	-0.7 Pips
June	-0.01%	-0.7 Pips

Upcoming key events (London Time)

Thu 02:30 AM AUD Trade Balance (1-mth)
Fri 01:30 PM USD Nonfarm Payroll Employment
Fri 01:30 PM USD Average Hourly Earnings (12-mth)

What happened lately

🇦🇺 Australia GDP (12-mth) in Q1 dropped to 1.1% compared to previous figure 1.5% in Q4 Source: Australian Bureau of Statistics
🇦🇺 Australia AiG Industry Index in April dropped to -40.3 points compared to previous figure -8.9 points in March
🇺🇸 U.S. Factory Orders (1-mth) in April unchanged at 0.7% compared to previous report in March. Source: Census Bureau
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in April dropped to 8.059M compared to previous figure 8.355, revised from 8.488M in March Source: Bureau of Labor Statistics

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What can we expect from AUDUSD today?

AUDUSD on Wednesday rose 0.05% to 0.66513. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.66298 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.66643 or trades above daily pivot 0.66471. Break above could target R1 at 0.66685. While to the downside, we are looking at 0.66298 (S1) and daily low of 0.66256 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.66643 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: