|Performance after Monday|
|Week to-date||-0.23%||-14.9 Pips|
Upcoming key events (London Time)
Wed 02:30 AM AUD Monthly CPI Inflation Rate (12-mth)
What happened lately
No major activities.
What can we expect from AUDUSD today?
AUDUSD on Monday dropped -0.23% to 0.64227. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.64021 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.64466 or trades above daily pivot 0.64243. Break above could target R1 at 0.6445. While to the downside, we are looking at 0.64021 (S1) and daily low of 0.64037 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.64037 would indicate selling pressure.
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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