AUDUSD on Wednesday rose 0.54% to 0.67090. What we know.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.54%	35.8 Pips
Week to-date	0.53%	35.5 Pips
July	0.53%	35.5 Pips

Upcoming key events (London Time)

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

What happened lately

🇺🇸 U.S. Factory Orders (1-mth) in May dropped to -0.5% compared to previous figure 0.4, revised from 0.7% in April Source: Census Bureau
🇺🇸 In the week ending 29 June, U.S. Initial Unemployment Insurance Claims rose to 238K compared to previous figure 233K Source: Department of Labor
🇺🇸 U.S. Challenger Job Cuts in June dropped to 48.786K compared to previous figure 63.816K in May
🇦🇺 Australia TD Securities Inflation (12-mth) in June rose to 3.2% compared to previous figure 3.1% in May

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Wednesday rose 0.54% to 0.67090. 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 0.67402 with break above could target R2 at 0.67713 or figure level area. While towards the downside, we are looking at daily low of 0.66647 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67336 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 0.53% over the past few days.

Key levels to watch out: