AUDUSD Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.48% | 32.7 Pips |  |
||
| Week to-date | 0.78% | 52.3 Pips |  |
||
| June | 4.47% | 290.9 Pips | |
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Upcoming key events (London Time)
Thu 02:30 AM AUD Employment Change (seasonally adjusted)
Thu 01:30 PM USD Monthly Retail Trade (1-mth) Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
🇺🇸 U.S. Interest Rate Projections rose to 5.6% compared to previous rate 5.1% 🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.25% compared to previous rate 5.25% Federal Reserve 🇺🇸 U.S. Interest Rate Projections – Longer unchanged at 2.5% compared to previous rate 2.5% 🇺🇸 U.S. Interest Rate Projections – 1st year rose to 4.6% compared to previous rate 4.3% 🇺🇸 U.S. Interest Rate Projections – 2nd year rose to 3.4% compared to previous rate 3.1% 🇺🇸 U.S. CPI Inflation Rate (12-mth) in May below forecast and dropped to 4% compared to previous figure 4.9% in April Bureau of Labor Statistics
What can we expect from AUDUSD today?
AUDUSD on Wednesday rose 0.48% to 0.67972. Price is above 9-Day EMA while Stochastic is rising in overbought zone.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.67565 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.68356 or trades above daily pivot 0.6796. Break above could target R1 at 0.68368. While to the downside, we are looking at 0.67565 (S1) and daily low of 0.67553 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.68356 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 0.78% over the past few days.
Key levels to watch out:
| R3 | 0.69171 |
| R2 | 0.68763 |
| R1 | 0.68368 |
| Daily Pivot | 0.6796 |
| S1 | 0.67565 |
| S2 | 0.67157 |
| S3 | 0.66762 |
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Federal Reserve Board and Federal Open Market Committee release economic projections from the June 13-14 FOMC meeting. Federal Reserve Federal Reserve issues FOMC statement. Federal Reserve CPI for all items rises 0.1% in May; shelter and used cars and trucks up. Bureau of Labor Statistics
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