AUDUSD on Wednesday rose 0.11% to 0.67195. What we know.

AUDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.11%	7.1 Pips
Week to-date	-1.02%	-69.4 Pips
September	-1.14%	-77.4 Pips

Upcoming key events (London Time)

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What happened lately

🇺🇸 U.S. Factory Orders (1-mth) in July rose to 5%, compared to the previous figure of -3.3% in June. Source: Census Bureau
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in July dropped to 7.673M compared to the revised June figure of 7.91M, down from 8.184M. Source: Bureau of Labor Statistics
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in July dropped to 7.673M, compared to the previous figure of 7.91M revised from 8.184M in June. Source: Bureau of Labor Statistics
Australia’s GDP growth in Q2 increased to 0.2% from 0.1% in Q1. Source: Australian Bureau of Statistics
🇦🇺 Australia’s GDP growth over 12 months dropped to 1% in Q2, compared to 1.1% in Q1. Source: Australian Bureau of Statistics
🇦🇺 Australia’s GDP (12-mth) in Q2 dropped to 1%, compared to the previous figure of 1.1% in Q1. Source: Australian Bureau of Statistics
🇦🇺 Australia AiG Industry Index in July dropped to -23.5 points from -20.7 points in June.

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What can we expect from AUDUSD today?

AUDUSD on Wednesday rose 0.11% to 0.67195. Price is below 9-Day EMA while Stochastic is falling.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.67507 with break above could target R2 at 0.6782 or figure level area. While towards the downside, we are looking at daily low of 0.66852 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67492 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:

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