|Performance after Tuesday|
|Week to-date||-0.39%||-26.1 Pips|
Upcoming key events (London Time)
Wed 07:00 PM USD Fed Interest Rate Decision
Wed 07:00 PM USD Fed’s Monetary Policy Statement
Wed 07:00 PM USD FOMC Economic Projections
Wed 07:30 PM USD FOMC Press Conference
What happened lately
No major activities.
What can we expect from AUDUSD today?
AUDUSD on Tuesday dropped -0.51% to 0.6692. Price is below 9-Day EMA while Stochastic is rising but in oversold zone.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.66608 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.6747 or trades above daily pivot 0.67041 while to the downside, the daily low of 0.6673 and 0.66608 (S1) as key support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.6673 would indicate selling pressure.
For the week to-date, take note that AUDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
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Last updated: 12:30 am UTC, 21-Sep 2022
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