AUDUSD on Friday rose 0.65% to 0.6789. Upside optimism ahead. How it happened.

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Open High Low Close
0.67459 0.68063 0.67160 0.67887

Performance after Friday
Period Pct Chg Momentum
Friday 0.65% 44.1 Pips
Week ending 2022-07-15 -0.98% -67.3 Pips
July -1.62% -111.7 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:

R3 0.69150
R2 0.68606
R1 0.68247
Daily Pivot 0.67703
S1 0.67344
S2 0.66800
S3 0.66441

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Last updated: 01:30 am UTC, 18-Jul 2022

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