|Performance after Friday|
|Week ending 2022-07-15||-0.98%||-67.3 Pips|
Upcoming key events (London Time)
Tue 02:30 AM AUD RBA Meeting Minutes
Wed 12:10 AM AUD RBA’s Governor Lowe speech
What happened lately
📆 🇺🇸 USD Retail Sales ex Autos (MoM) in June exceed forecast and rose to 1% compared to previous figure 0.6, revised from 0.5% in May. Source
What can we expect from AUDUSD today?
AUDUSD on Friday rose 0.65% to 0.6789. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for AUDUSD looks bullish as the pair ended higher after Friday trading session.
Looking ahead on Monday, immediate upside resistance level is at 0.68247 (R1) while on the downside, we are looking at daily low of 0.6716 as an important support. Break below this level could weaken the current bullish momentum. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.6806 would suggest bullish bias after recent positive movement.
For the week ending 2022-07-15 take note that AUDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
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Advance Monthly Sales for Retail and Food Services Source: Census Bureau
Business Formation Statistics Source: Census Bureau
U.S. import prices increase 0.2% in June on higher fuel prices; export prices rise 0.7% Source: Bureau of Labor Statistics Publications
PPI for final demand advances 1.1% in June; goods rise 2.4%, services increase 0.4% Source: Bureau of Labor Statistics Publications
Last updated: 01:30 am UTC, 18-Jul 2022
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