AUDUSD Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | 0.84% | 58.0 Pips | ▲ |
| Week to-date | -0.49% | -34.0 Pips | ▼ |
| July | -0.04% | -3.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 08:30 PM | USD | HIGH | PPI excluding Food and Energy sectors (12-mth) |
| Thu 08:30 PM | USD | HIGH | Monthly Retail Trade (1-mth) |
What happened lately
The AUDUSD pair experienced a notable increase on Tuesday, rising by 0.84% to reach 0.69740. The trading session saw the currency pair move between a high of 0.69920 and a low of 0.69110.
On the previous trading day, the U.S. Consumer Price Index (CPI) data was released, which showed a decrease in inflation rates. The CPI Inflation Rate for June 2026 came in at -0.4%, significantly below the consensus expectation of -0.1% and the previous month’s 0.5%. Additionally, the CPI Inflation Rate excluding Food and Energy sectors remained unchanged at 0%, falling short of the anticipated 0.2% and matching the previous rate of 0.2%.
Looking ahead, market participants will be closely monitoring upcoming U.S. economic data releases. On Wednesday at 8:30 PM GMT+8, the Producer Price Index (PPI) excluding Food and Energy sectors for the 12-month period will be announced. This will be followed by the Monthly Retail Trade data, scheduled for release on Thursday at 8:30 PM GMT+8. Both events are expected to have a high impact on the market.
The recent movement in the AUDUSD pair reflects a positive sentiment, possibly influenced by the weaker-than-expected U.S. inflation data, which may have contributed to the U.S. dollar’s depreciation. However, the market remains cautious as traders await further economic indicators to gauge the broader economic outlook.
What can we expect from AUDUSD today?
The AUDUSD pair closed at 0.69740 on Tuesday, marking a daily gain of 0.84%. Despite the bullish daily outlook, the pair remains below the 9-day EMA, indicating potential resistance ahead.
📈 Bull Scenario If the bullish momentum continues, a break above the daily high of 0.69920 could lead the pair towards the first resistance level at 0.7007. Further upward movement might target the second resistance at 0.704, especially if the rising stochastic supports continued buying interest. | 📉 Bear Scenario On the downside, a reversal could occur if the pair fails to maintain its current momentum, potentially testing the first support level at 0.6926. A break below this level might see the pair decline further towards the second support at 0.6878, as the price remains below the 9-day EMA. |
Key levels to watch out:
| R3 | 0.7088 |
| R2 | 0.704 |
| R1 | 0.7007 |
| Daily Pivot | 0.6959 |
| S1 | 0.6926 |
| S2 | 0.6878 |
| S3 | 0.6845 |