AUDUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.2006% | 14.0 Pips | ▲ |
| Week to-date | 0.2006% | 14.0 Pips | ▲ |
| July | 1.084% | 75.0 Pips | ▲ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from AUDUSD today?
The AUDUSD pair closed on a positive note on Monday, gaining 0.2006% to settle at 0.69940. The daily outlook remains bullish, with the price trading above the 9-day EMA.
📈 Bull Scenario A bullish scenario for AUDUSD could unfold if the pair breaks above the daily high of 0.70140. In this case, traders should watch for further resistance at R1, located at 0.70194, and potentially at R2, at 0.70447. The bullish weekly outlook supports continued upward momentum. | 📉 Bear Scenario Conversely, a bearish move could be triggered if the price falls below the daily pivot of 0.69887. In such a scenario, support levels to monitor include S1 at 0.69634 and S2 at 0.69327. A breach of these levels could indicate a shift in the current bullish trend. |
Key levels to watch out:
| R3 | 0.70754 |
| R2 | 0.70447 |
| R1 | 0.70194 |
| Daily Pivot | 0.69887 |
| S1 | 0.69634 |
| S2 | 0.69327 |
| S3 | 0.69074 |