AUDUSD on Wednesday rose 0.13% to 0.64956. What we know.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.13%	8.6 Pips
Week to-date	1.24%	79.8 Pips
April	-0.39%	-25.2 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD GDP Annualized
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇺🇸 U.S. Nondefense Capital Goods Orders excluding Aircraft in March dropped to 0.2% compared to previous figure 0.4% (revised from 0.7%) Source: Census Bureau
🇦🇺 Australia CPI Inflation Rate (3-mth) in Q1 rose to 1% compared to previous figure 0.6% in Q4 Source: Australian Bureau of Statistics
🇦🇺 Australia CPI Inflation Rate (12-mth) in Q1 dropped to 3.6% compared to previous figure 4.1% in Q4 Source: Australian Bureau of Statistics

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Wednesday rose 0.13% to 0.64956. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks bullish as the pair ended higher after Wednesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.65225 with break above could target R2 at 0.65495 or figure level area. While towards the downside, we are looking at daily low of 0.64828 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.65296 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 1.24% over the past few days.

Key levels to watch out: