AUDUSD on Monday rose 0.35% to 0.65125. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.35%	22.4 Pips
Week to-date	0.19%	12.5 Pips
August	-0.54%	-35.5 Pips

Upcoming key events (London Time)

Tue 05:30 AM AUD RBA Interest Rate Decision (Cash Rate Target)

What happened lately

Australia’s TD Securities Inflation (12-month) in July dropped to 2.8%, compared to the previous figure of 3.2% in June.
🇦🇺 Australia Retail Sales (3-mth) in Q2 improved to -0.3% compared to the previous figure of -0.4% in Q1. Source: Australian Bureau of Statistics
🇦🇺 In Q2, Australia Retail Sales (3-mth) improved to -0.3% from the previous figure of -0.4% in Q1. Source: Australian Bureau of Statistics

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Monday rose 0.35% to 0.65125. 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 0.64019 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65154 or trades above daily pivot 0.64587. Break above could target R1 at 0.65692. While to the downside, we are looking at 0.64019 (S1) and daily low of 0.63481 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.65154 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:

#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.