AUDUSD Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.02% | 1.6 Pips |  |
||
| Week to-date | -0.63% | -42.7 Pips |  |
||
| July | 0.81% | 54.3 Pips | |
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Upcoming key events (London Time)
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What happened lately
🇺🇸 U.S. Industrial Production (1-mth) in June dropped to 0.9% compared to previous figure 1% (revised from 0.9%) 🇺🇸 U.S. Monthly Retail Trade (1-mth) in June dropped to 0% compared to previous figure 0.1% in May Source: Census Bureau
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What can we expect from AUDUSD today?
AUDUSD on Wednesday rose 0.02% to 0.67293. 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 0.6715 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67547 or trades above daily pivot 0.67348. Break above could target R1 at 0.67492. While to the downside, we are looking at 0.6715 (S1) and daily low of 0.67205 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.67547 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:
| R3 | 0.67834 |
| R2 | 0.6769 |
| R1 | 0.67492 |
| Daily Pivot | 0.67348 |
| S1 | 0.6715 |
| S2 | 0.67006 |
| S3 | 0.66808 |
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