AUDUSD on Tuesday rose 0.78% to 0.66373. What we know.

AUDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.78%	51.4 Pips
Week to-date	1.04%	68 Pips
August	1.39%	90.8 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD CPI Inflation Rate (1-mth)
Wed 01:30 PM USD CPI Inflation Rate (12-mth)
Thu 02:30 AM AUD Labour Force Monthly Employment Change
Thu 02:30 AM AUD Labour Force Unemployment Rate
Thu 01:30 PM USD Monthly Retail Trade (1-mth)

What happened lately

🇺🇸 In July, the U.S. Producer Price Index excluding Food & Energy dropped to 0% compared to the revised June figure of 0.3%, previously reported as 0.4%. Source: Bureau of Labor Statistics
🇺🇸 The U.S. Producer Price Index (12-month) for July dropped to 2.2%, down from the revised June figure of 2.7%, which was initially reported as 2.6%. Source: Bureau of Labor Statistics
The U.S. PPI excluding Food and Energy sectors (12-month) in July dropped to 2.4% compared to the previous figure of 3% in June.
🇺🇸 In July, the U.S. Producer Price Index (1-mth) dropped to 0.1% from 0.2% in June. Source: Bureau of Labor Statistics
🇦🇺 The Wage Price Index (3-mth) in Q2 dropped to 0.8% from the previous figure of 0.9%, which had been revised from 0.8%. Source: Australian Bureau of Statistics
🇺🇸 The U.S. Monthly Treasury Budget Statement in July dropped to -$244 billion compared to -$66 billion in June. Source: Bureau of the Fiscal Service

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Tuesday rose 0.78% to 0.66373. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.66574 with break above could target R2 at 0.66774 or figure level area. While towards the downside, we are looking at daily low of 0.65785 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.66380 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 1.04% over the past few days.

Key levels to watch out:

#AUDUSD Trending on Twitter

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