AUDUSD on Thursday rose 0.96% to 0.65898. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.96%	62.4 Pips
Week to-date	1.42%	92.4 Pips
August	0.65%	42.6 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 In the week ending 03 August, U.S. Initial Unemployment Insurance Claims dropped to 233K compared to previous figure 250K (revised from 249K) Source: Department of Labor
🇦🇺 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.

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.96% to 0.65898. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.66197 with break above could target R2 at 0.66495 or figure level area. While towards the downside, we are looking at daily low of 0.65094 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.65944 may suggest continuation after recent positive movement.

For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 1.42% over the past few days.

Key levels to watch out:

#AUDUSD Trending on Twitter

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