AUDUSD on Wednesday rose 0.81% to 0.65275. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.81%	52.4 Pips
Week to-date	-0.21%	-13.9 Pips
May	0.91%	58.7 Pips

Upcoming key events (London Time)

Thu 02:30 AM AUD Trade Balance (1-mth)
Fri 01:30 PM USD Average Hourly Earnings (1-mth)
Fri 01:30 PM USD Average Hourly Earnings (12-mth)
Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.5% compared to previous rate 5.5% Source: Federal Reserve
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in March dropped to 8.488M compared to previous figure 8.813, revised from 8.756M in February Source: Bureau of Labor Statistics
🇦🇺 Australia AiG Industry Index in March dropped to -8.9 points compared to previous figure -5.3 points in February
🇺🇸 U.S. Housing Price Index (1-mth) in February rose to 1.2% compared to previous figure -0.1% in January
🇦🇺 Australia Retail Trade Turnover (seasonally adjusted) (1-mth) in March dropped to -0.4% compared to previous figure 0.2% (revised from 0.3%) 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 0.81% to 0.65275. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.64815 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65401 or trades above daily pivot 0.65108. Break above could target R1 at 0.65568. While to the downside, we are looking at 0.64815 (S1) and daily low of 0.64648 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65401 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is mixed as compared to the prior week.

Key levels to watch out: