AUDUSD on Wednesday rose 0.05% to 0.65479. End July down by -1.88% or -125.8 pips lower. What we know.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.05%	3.4 Pips
Week to-date	-0.11%	-7.1 Pips
July	-1.88%	-125.8 Pips

Upcoming key events (London Time)

Thu 02:30 AM AUD Trade Balance (1-mth)
Fri 01:30 PM USD Nonfarm Payroll Employment
Fri 01:30 PM USD Average Hourly Earnings (1-mth)
Fri 01:30 PM USD Average Hourly Earnings (12-mth)

What happened lately

🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.5% compared to previous rate 5.5% Source: Federal Reserve
🇺🇸 The U.S. Employment Cost Index (ECI) in Q2 decreased to 0.9% from the previous figure of 1.2% in Q1. Source: Bureau of Labor Statistics
🇦🇺 Australia’s Monthly CPI Indicator (12-mth) in June dropped to 3.8%, down from 4% in May. Source: Australian Bureau of Statistics
Australia’s RBA Trimmed Mean CPI (3-month) in Q2 dropped to 0.8%, down from the previous figure of 1% in Q1. Source: Reserve Bank of Australia
🇦🇺 Australia Retail Trade Turnover (seasonally adjusted) (1-mth) in June dropped to -0.3% from 0.6% in May. Source: Australian Bureau of Statistics
🇺🇸 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 Wednesday rose 0.05% to 0.65479. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks bullish as the pair ended higher after Wednesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.65761 with break above could target R2 at 0.66042 or figure level area. While towards the downside, we are looking at daily low of 0.64790 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.65557 may suggest continuation after recent positive movement.

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

AUDUSD ended month of July trading session down by -1.88% or -125.8 pips lower.

Key levels to watch out:

#AUDUSD Trending on Twitter

[custom-twitter-feeds hashtag=”#AUDUSD” num=3 showheader=false]

Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.