AUDUSD Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | -1.07% | -76.0 Pips | ▼ |
| Week to-date | -0.07% | -5.0 Pips | ▼ |
| September | -0.75% | -54.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 09:30 AM | AUD | HIGH | Labour Force Monthly Employment Change |
What can we expect from AUDUSD today?
The AUDUSD pair closed down 1.07% on Tuesday, ending the session at 0.70360. With the price below the 9-day EMA and a falling stochastic, the daily outlook remains bearish for Wednesday.
📈 Bull Scenario If the AUDUSD manages to break above the daily pivot of 0.70593, it could signal a potential bullish move. Traders should watch for a further rise towards the first resistance level at 0.70947. A sustained rally might target the second resistance level at 0.71533. | 📉 Bear Scenario On the downside, a continued decline below the daily low of 0.70240 could reinforce the bearish outlook. The first support level to monitor is 0.70007, and if selling pressure persists, the pair may test the second support level at 0.69653. |
Key levels to watch out:
| R3 | 0.71887 |
| R2 | 0.71533 |
| R1 | 0.70947 |
| Daily Pivot | 0.70593 |
| S1 | 0.70007 |
| S2 | 0.69653 |
| S3 | 0.69067 |