AUDUSD on Thursday dropped -0.35% to 0.67040. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	-0.35%	-23.5 Pips
Week to-date	-1%	-68 Pips
July	0.45%	30 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

The U.S. Manufacturing Business Outlook Survey in July rose to 13.9 points from the previous figure of 1.3 points in June. Source: Philadelphia Fed
🇦🇺 Australia Labour Force Monthly Employment Change in June rose to 50.2K compared to previous figure 39.5K (revised from 39.7K) Source: Australian Bureau of Statistics
Australia’s National Australia Bank’s Business Confidence (3-month) in Q2 rose to 4 points, compared to -2 points in Q1.
Australia’s Labour Force Unemployment Rate in June rose to 4.1% from 4% in May. Source: Australian Bureau of Statistics
🇺🇸 U.S. Industrial Production (1-mth) in June dropped to 0.9% compared to previous figure 1% (revised from 0.9%)

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Thursday dropped -0.35% to 0.67040. Price is below 9-Day EMA while Stochastic is falling.

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

Looking ahead for the day, immediate support level is at S1 0.66862 with break below could see further selling pressure towards S2 at 0.66685. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.67435 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.66971 would indicate selling pressure.

For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -1%.

Key levels to watch out:

#AUDUSD Trending on Twitter

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