AUDUSD on Wednesday dropped -0.02% to 0.67513. Pair in consolidation. What we know.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	-0.02%	-1.6 Pips
Week to-date	1.17%	77.8 Pips
August	3.11%	203.8 Pips

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Thu 03:00 PM USD Jackson Hole Symposium
Fri 03:00 PM USD Federal Reserve Chair Jerome Powell speech (Jackson Hole Symposium)

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What can we expect from AUDUSD today?

AUDUSD on Wednesday dropped -0.02% to 0.67513. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.67341 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.67610 or trades above daily pivot 0.67476. Break above could target R1 at 0.67647. While to the downside, we are looking at 0.67341 (S1) and daily low of 0.67304 as support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.67304 would indicate selling pressure.

For the week to-date, take note that AUDUSD is bullish as the pair continued to trade higher and is up by 1.17% over the past few days.

Key levels to watch out:

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