AUDUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.37% | -24.6 Pips |  |
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| Week to-date | -1.25% | -83.5 Pips | |
||
| July | -0.92% | -61.1 Pips |  |
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Upcoming key events (London Time)
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What happened lately
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What can we expect from AUDUSD today?
AUDUSD on Tuesday dropped -0.37% to 0.66128. Price is below 9-Day EMA while Stochastic is falling.
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 0.66001 with break below could see further selling pressure towards S2 at 0.65873. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.66460 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.66103 would indicate selling pressure.
For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -1.25%.
Key levels to watch out:
| R3 | 0.66715 |
| R2 | 0.66587 |
| R1 | 0.66358 |
| Daily Pivot | 0.6623 |
| S1 | 0.66001 |
| S2 | 0.65873 |
| S3 | 0.65644 |
#AUDUSD Trending on Twitter
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