AUDUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.26% | -17.2 Pips |  |
||
| Week to-date | 0% | 0.3 Pips | |
||
| March | 0.28% | 18.4 Pips |  |
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Upcoming key events (London Time)
Fri 12:30 PM USD Personal Consumption Expenditures Price Index (1-mth) Fri 12:30 PM USD Personal Consumption Expenditures Price Index (12-mth) Fri 03:30 PM USD Federal Reserve Chair Jerome Powell speech
What happened lately
🇺🇸 U.S. Michigan Index of Consumer Sentiment in March rose to 79.4 points compared to previous figure 76.5 points in February Source: University of Michigan 🇺🇸 U.S. UoM 5-year Consumer Inflation Expectation in March dropped to 2.8% compared to previous figure 2.9% in February Source: University of Michigan 🇺🇸 In the week ending 23 March, U.S. Initial Unemployment Insurance Claims dropped to 210K compared to previous figure 212K (revised from 210K) Source: Department of Labor
Latest from X (Twitter)
Tweets by Australian Bureau of Statistics
What can we expect from AUDUSD today?
AUDUSD on Thursday dropped -0.26% to 0.65144. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.6486 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65407 or trades above daily pivot 0.65133. Break above could target R1 at 0.65418. While to the downside, we are looking at 0.6486 (S1) and daily low of 0.64849 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.64849 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:
| R3 | 0.65976 |
| R2 | 0.65691 |
| R1 | 0.65418 |
| Daily Pivot | 0.65133 |
| S1 | 0.6486 |
| S2 | 0.64575 |
| S3 | 0.64302 |
#AUDUSD Trending on Twitter
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