AUDUSD Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | -0.11% | -8.0 Pips | ▼ |
| Week to-date | -0.54% | -39.0 Pips | ▼ |
| September | -0.52% | -37.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 08:30 PM | USD | HIGH | Monthly Retail Trade (1-mth) |
| Thu 02:00 AM | USD | HIGH | Fed Interest Rate Decision (Federal Funds Rate) |
| Thu 02:00 AM | USD | HIGH | Interest Rate Projections |
What can we expect from AUDUSD today?
The AUDUSD pair closed at 0.71290 on Tuesday, marking a slight decline of 0.11% for the day. The daily outlook remains mixed, with the price currently below the 9-day EMA.
📈 Bull Scenario A bullish scenario for AUDUSD could be triggered if the price breaks above the daily pivot of 0.7128 and sustains momentum. Traders should watch for a move towards the first resistance level (R1) at 0.7142, with further gains potentially targeting the second resistance level (R2) at 0.7155. The rising stochastic indicator may support this upward movement. | 📉 Bear Scenario On the downside, a bearish scenario may unfold if the price falls below the first support level (S1) at 0.7115. A sustained break below this level could lead to further declines towards the second support level (S2) at 0.7101. The weekly bearish outlook and the current position below the 9-day EMA could add pressure to the pair. |
Key levels to watch out:
| R3 | 0.7169 |
| R2 | 0.7155 |
| R1 | 0.7142 |
| Daily Pivot | 0.7128 |
| S1 | 0.7115 |
| S2 | 0.7101 |
| S3 | 0.7088 |