AUDUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | -0.17% | -12.0 Pips | ▼ |
| Week to-date | -0.45% | -32.0 Pips | ▼ |
| June | -2.39% | -172.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 09:30 AM | AUD | HIGH | Monthly CPI Indicator (12-mth) | May |
What can we expect from AUDUSD today?
The AUDUSD pair closed at 0.69990 on Monday, marking a 0.17% decline for the day. The daily outlook remains mixed as the pair trades below its 9-day EMA, with a rising stochastic indicating potential volatility.
📈 Bull Scenario A bullish scenario for AUDUSD could be triggered if the pair breaks above the daily pivot of 0.7003. In this case, traders should watch for resistance at R1, 0.7015, and further gains could target R2 at 0.7031. The rising stochastic supports the possibility of upward momentum if these levels are breached. | 📉 Bear Scenario On the downside, a bearish move may occur if the AUDUSD falls below the support level of S1 at 0.6987. Should this level fail to hold, the next support to monitor would be S2 at 0.6975. The pair’s position below the 9-day EMA suggests that downward pressure could persist if these support levels are tested. |
Key levels to watch out:
| R3 | 0.7043 |
| R2 | 0.7031 |
| R1 | 0.7015 |
| Daily Pivot | 0.7003 |
| S1 | 0.6987 |
| S2 | 0.6975 |
| S3 | 0.6959 |