AUDUSD on Wednesday rose 0.06% to 0.65526. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.06%	3.8 Pips
Week to-date	0.38%	24.7 Pips
February	-0.2%	-13.3 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇦🇺 Australia Wage Price Index (3-mth) in Q4 dropped to 0.9% compared to previous figure 1.3% in Q3

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Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Wednesday rose 0.06% to 0.65526. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.65325 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65730 or trades above daily pivot 0.65528. Break above could target R1 at 0.65728. While to the downside, we are looking at 0.65325 (S1) and daily low of 0.65327 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65730 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 0.38% over the past few days.

Key levels to watch out: