AUDUSD on Thursday rose 0.15% to 0.67630. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.15%	10.2 Pips
Week to-date	0.24%	16.4 Pips
July	1.32%	88.1 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

🇺🇸 In the week ending 06 July, U.S. Initial Unemployment Insurance Claims dropped to 222K compared to previous figure 239K (revised from 238K) Source: Department of Labor
🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (1-mth) in June dropped to 0.1% compared to previous figure 0.2% in May Source: Bureau of Labor Statistics

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.15% to 0.67630. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

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 0.67921 with break above could target R2 at 0.68213 or figure level area. While towards the downside, we are looking at daily low of 0.67468 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67986 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 0.24% over the past few days.

Key levels to watch out:

#AUDUSD Trending on Twitter

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