|Performance after Monday|
|Week to-date||0.16%||10.3 Pips|
Upcoming key events (London Time)
Tue 02:30 AM AUD RBA Meeting Minutes
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD FOMC Monetary Policy Statement
Wed 07:00 PM USD FOMC Economic Projections
Wed 07:00 PM USD Interest Rate Projections
Wed 07:30 PM USD FOMC Press Conference
What happened lately
No major activities.
What can we expect from AUDUSD today?
AUDUSD on Monday rose 0.16% to 0.64383. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.64201 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.64488 or trades above daily pivot 0.64344. Break above could target R1 at 0.64527. While to the downside, we are looking at 0.64201 (S1) and daily low of 0.64162 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.64488 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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