AUDUSD on Wednesday rose 0.63% to 0.64399. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.63%	40.2 Pips
Week to-date	-0.36%	-23.2 Pips
April	-1.25%	-81.2 Pips

Upcoming key events (London Time)

Thu 02:30 AM AUD Labour Force Monthly Employment Change
Thu 02:30 AM AUD Labour Force Unemployment Rate

What happened lately

No major activities.

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What can we expect from AUDUSD today?

AUDUSD on Wednesday rose 0.63% to 0.64399. Price is below 9-Day EMA while Stochastic is rising in oversold zone.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.64128 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.64461 or trades above daily pivot 0.64295. Break above could target R1 at 0.64565. While to the downside, we are looking at 0.64128 (S1) and daily low of 0.64024 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.64461 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -0.36%.

Key levels to watch out: