AUDUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | -0.33% | -23.0 Pips | ▼ |
| Week to-date | -0.33% | -23.0 Pips | ▼ |
| August | -0.33% | -23.0 Pips | ▼ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from AUDUSD today?
The AUDUSD pair is showing a mixed outlook as it begins the week with a slight decline of 0.33%, closing at 0.69980. Traders are watching for potential movements around the daily pivot point of 0.70117.
📈 Bull Scenario If the AUDUSD manages to gain upward momentum, a break above the daily pivot at 0.70117 could trigger a bullish scenario. Traders should watch for resistance at R1, which is 0.70413, and further gains could target R2 at 0.70847. The price currently being above the 9-day EMA supports a potential bullish move. | 📉 Bear Scenario On the downside, a bearish scenario could unfold if the pair falls below the daily low of 0.69820. In this case, the first support level to watch is S1 at 0.69683, with further declines potentially targeting S2 at 0.69387. The falling stochastic indicator suggests a possible continuation of downward pressure. |
Key levels to watch out:
| R3 | 0.71143 |
| R2 | 0.70847 |
| R1 | 0.70413 |
| Daily Pivot | 0.70117 |
| S1 | 0.69683 |
| S2 | 0.69387 |
| S3 | 0.68953 |