Forex

AUDUSD on Monday dropped -0.2% to 0.66615. What we know.

AUDUSD on Monday dropped -0.2% to 0.66615. What we know.
AUDUSD on Monday dropped -0.2% to 0.66615.  What we know.

AUDUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.2% -13.2 Pips
Week to-date -0.21% -14.3 Pips
September -1.98% -134.6 Pips

Upcoming key events (London Time)

Wed 02:00 AM USD Second 2024 United States presidential debate
Wed 01:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

No major activities.

Latest from X (Twitter)


What can we expect from AUDUSD today?

AUDUSD on Monday dropped -0.2% to 0.66615. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for AUDUSD looks bearish as the pair posted lower in Monday trading session.

Looking ahead for the day, immediate support level is at S1 0.66429 with break below could see further selling pressure towards S2 at 0.66244. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.66890 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.66474 would indicate selling pressure.

For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -0.21%.

Key levels to watch out:

R3 0.67261
R2 0.67076
R1 0.66845
Daily Pivot 0.6666
S1 0.66429
S2 0.66244
S3 0.66013

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