AUDUSD on Tuesday dropped -0.5% to 0.64083. What we know.

AUDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	-0.5%	-32.4 Pips
Week to-date	-0.85%	-54.7 Pips
April	-1.73%	-112.7 Pips

Upcoming key events (London Time)

Thu 02:30 AM AUD Labour Force Monthly Employment Change
Thu 02:30 AM AUD Labour Force Unemployment Rate

What happened lately

🇺🇸 U.S. New York Empire State Manufacturing Index in April improved to -14.3 points compared to previous figure -20.9 points in March
🇺🇸 U.S. Monthly Retail Trade (1-mth) in March dropped to 0.7% compared to previous figure 0.9, revised from 0.6% in February Source: Census Bureau

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Tuesday dropped -0.5% to 0.64083. Price is below 9-Day EMA while Stochastic is falling in oversold zone.

Updated daily direction for AUDUSD looks bearish as the pair posted lower in Tuesday trading session.

Looking ahead for the day, immediate support level is at S1 0.63834 with break below could see further selling pressure towards S2 at 0.63585. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.64436 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.63886 would indicate selling pressure.

For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -0.85%.

Key levels to watch out:

#AUDUSD Trending on Twitter

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