|Performance after Thursday|
|Week to-date||0.96%||61.1 Pips|
Upcoming key events (London Time)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
🇺🇸 U.S. Producer Price Index (12-mth) in August exceed forecast and rose to 1.6% compared to previous figure 0.8% in July
🇺🇸 U.S. Monthly Retail Trade (1-mth) in August exceed forecast and rose to 0.6% compared to previous figure 0.5, revised from 0.7% in July Census Bureau
🇦🇺 Australia Monthly Employment Change (seasonally adjusted) in August exceed forecast and rose to 64.9K compared to previous figure -14.6K in July Australian Bureau of Statistics
🇦🇺 Australia Unemployment Rate (seasonally adjusted) in August unchanged at 3.7% compared to previous report in July. The actual figure is also in line with the forecast Australian Bureau of Statistics
🇺🇸 U.S. Monthly Budget Statement in August exceed forecast and rose to 89$ compared to previous figure -221$ in July Bureau of the Fiscal Service
🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (12-mth) in August dropped to 4.3% compared to previous figure 4.7% in July Bureau of Labor Statistics
What can we expect from AUDUSD today?
AUDUSD on Thursday rose 0.28% to 0.64371. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for AUDUSD looks bullish as the pair ended higher after Thursday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.64583 with break above could target R2 at 0.64794 or figure level area. While towards the downside, we are looking at daily low of 0.64184 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.64595 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:
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