AUDUSD Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | -0.23% | -16.0 Pips | ▼ |
| Week to-date | -0.09% | -6.0 Pips | ▼ |
| July | 0.78% | 54.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 09:30 AM | AUD | HIGH | Monthly CPI Indicator (12-mth) |
| Thu 02:00 AM | USD | HIGH | Fed Interest Rate Decision (Federal Funds Rate) |
| Thu 08:30 PM | USD | HIGH | PCE Price Index, excluding food and energy (1-mth) | Jun |
What can we expect from AUDUSD today?
The AUDUSD pair is showing a bearish daily outlook as it closed at 0.69730, down by 0.23%. The pair is currently trading below its 9-day EMA, with a falling stochastic indicator suggesting continued downward pressure.
📈 Bull Scenario A bullish scenario could unfold if the AUDUSD breaks above the daily pivot point of 0.69767. In this case, traders should watch for resistance at R1, 0.69923, and further at R2, 0.70117. A move above these levels could indicate a shift in momentum towards the upside. | 📉 Bear Scenario The bearish outlook remains dominant, with a potential decline if the pair falls below the first support level at 0.69573. Further downside movement could target the second support level at 0.69417. The current position below the 9-day EMA and the falling stochastic reinforce the likelihood of a bearish continuation. |
Key levels to watch out:
| R3 | 0.70273 |
| R2 | 0.70117 |
| R1 | 0.69923 |
| Daily Pivot | 0.69767 |
| S1 | 0.69573 |
| S2 | 0.69417 |
| S3 | 0.69223 |