AUDUSD on Tuesday dropped -0.05% to 0.65415. What we know.

AUDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	-0.05%	-3.3 Pips
Week to-date	-0.21%	-13.5 Pips
July	-1.99%	-132.8 Pips

Upcoming key events (London Time)

Wed 02:30 AM AUD Retail Trade Turnover (seasonally adjusted) (1-mth)
Wed 02:30 AM AUD CPI Inflation Rate (3-mth)
Wed 02:30 AM AUD Monthly CPI Indicator (12-mth)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Thu 02:30 AM AUD Trade Balance (1-mth)

What happened lately

🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in June dropped to 8.184M compared to the previous figure of 8.23M, revised from 8.14M in May. Source: Bureau of Labor Statistics
🇺🇸 U.S. House Price Index (1-mth) in May dropped to 0% from a revised figure of 0.3% in April. Source: FHFA

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Tuesday dropped -0.05% to 0.65415. Price is below 9-Day EMA while Stochastic is rising.

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 0.6526 with break below could see further selling pressure towards S2 at 0.65104. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.65623 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.65286 would indicate selling pressure.

For the week to-date, take note that AUDUSD is mixed as compared to the prior week.

Key levels to watch out:

#AUDUSD Trending on Twitter

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