AUDUSD on Wednesday dropped -0.2% to 0.65154. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	-0.2%	-13.3 Pips
Week to-date	0.28%	17.9 Pips
August	-0.49%	-31.9 Pips

Upcoming key events (London Time)

Thu 03:00 AM AUD RBA Governor Michele Bullock speech

What happened lately

🇦🇺 Australia’s AiG Industry Index improved in June to -20.7 points from -25.6 points in May.
Australia’s AiG Industry Index improved to -20.7 points in June from -25.6 points in May.
🇦🇺 Australia RBA Interest Rate Decision (Cash Rate Target) unchanged at 4.35% compared to previous rate 4.35% Source: Reserve Bank of Australia

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What can we expect from AUDUSD today?

AUDUSD on Wednesday dropped -0.2% to 0.65154. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.64919 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.65746 or trades above daily pivot 0.65332. Break above could target R1 at 0.65568. While to the downside, we are looking at 0.64919 (S1) and daily low of 0.65097 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.65097 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:

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