AUDUSD on Monday rose 0.34% to 0.6812. Upside optimism ahead. How it happened.

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Open High Low Close
0.67907 0.68544 0.67850 0.68115

Performance after Monday
Period Pct Chg Momentum
Monday 0.34% 22.8 Pips
Week to-date 0.26% 17.9 Pips
July -1.29% -88.9 Pips

Upcoming key events (London Time)

Tue 02:30 AM AUD RBA Meeting Minutes
Wed 12:10 AM AUD RBA’s Governor Lowe speech
Wed 12:10 AM AUD RBA’s Governor Lowe speech

What happened lately

No major activities.

What can we expect from AUDUSD today?

AUDUSD on Monday rose 0.34% to 0.6812. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks bullish as the pair ended higher after Monday trading session.

Looking ahead for the day, immediate upside resistance level is at 0.68489 (R1) while on the downside, we are looking at daily low of 0.6785 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 0.6854 would suggest bullish bias after recent positive movement.

For the week to-date, take note that AUDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 0.69183
R2 0.68864
R1 0.68489
Daily Pivot 0.68170
S1 0.67795
S2 0.67476
S3 0.67101

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Last updated: 01:30 am UTC, 19-Jul 2022

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