|Performance after Tuesday|
|Week to-date||-0.47%||-32.6 Pips|
Upcoming key events (London Time)
Wed 01:15 PM USD ADP Employment Change
Thu 03:00 PM USD ISM Manufacturing PMI
What happened lately
📆 🇺🇸 USD Housing Price Index (MoM) in June below forecast and dropped to 0.1% compared to previous figure 1.3, revised from 1.4% in May. Source
📆 🇺🇸 USD S&P/Case-Shiller Home Price Indices (YoY) in June below forecast and dropped to 18.6% compared to previous figure 20.5% in May. Source
AUD Building Permits (MoM) in July dropped to -17.2% compared to previous figure -0.6% (revised from -0.7%). Source
📆 ☢️ 🇦🇺 AUD Retail Sales s.a. (MoM) in July exceed forecast and rose to 1.3% compared to previous figure 0.2% in June. Source
What can we expect from AUDUSD today?
AUDUSD on Tuesday dropped -0.62% to 0.6857. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.68143 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.6956 or trades above daily pivot 0.68851 while to the downside, the daily low of 0.6842 and 0.68143 (S1) as key support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.6842 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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July job openings change little; hires and total separations also change little Source: Bureau of Labor Statistics Publications
Last updated: 12:30 am UTC, 31-Aug 2022
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