|Performance after Thursday|
|Week to-date||-0.37%||-24.4 Pips|
Upcoming key events (London Time)
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What happened lately
📆 ☢️ 🇺🇸 USD Gross Domestic Product Annualized in Q2 unchanged at -0.6% compared to previous report in Q1. The actual figure is also in line with the forecast. Source
📆 🇺🇸 USD Core Personal Consumption Expenditures (QoQ) in Q2 exceed forecast and rose to 5.6% compared to previous figure 4.4% in Q1. Source
📆 🇺🇸 USD Pending Home Sales (MoM) in August exceed forecast and dropped to -2% compared to previous figure -0.6, revised from -1% in July. Source
📆 ☢️ 🇦🇺 AUD Retail Sales s.a. (MoM) in August exceed forecast and dropped to 0.6% compared to previous figure 1.3% in July. Source
📆 🇺🇸 USD Housing Price Index (MoM) in July below forecast and dropped to -0.6% compared to previous figure 0.1% in June. Source
📆 🇺🇸 USD S&P/Case-Shiller Home Price Indices (YoY) in July below forecast and dropped to 16.1% compared to previous figure 18.7, revised from 18.6% in June. Source
📆 ☢️ 🇺🇸 USD Durable Goods Orders in August below forecast and dropped to -0.2% compared to previous figure -0.1, revised from 0% in July. Source
What can we expect from AUDUSD today?
AUDUSD on Thursday dropped -0.25% to 0.6504. Price is below 9-Day EMA while Stochastic is rising but in oversold zone.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.64512 (S1).
Looking ahead today, we are looking at 0.6531 or 0.65374 (R1) as important resistance level while to the downside, the daily low of 0.6432 and 0.64512 (S1) as key support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.6432 would indicate selling pressure.
For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -0.37%.
Key levels to watch out:
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U.S. International Investment Position, 2nd Quarter 2022 Source: Bureau of Economic Analysis
Advance Monthly Wholesale Inventories Source: Census Bureau
Advance Monthly Retail Inventories Source: Census Bureau
Advance U.S. International Trade in Goods Source: Census Bureau
New Residential Sales Source: Census Bureau
Advance Report on Durable Goods Manufacturers’ Shipments, Inventories, and Orders Source: Census Bureau
Last updated: 12:31 am UTC, 30-Sep 2022
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