AUDUSD Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | -0.37% | -26.0 Pips | ▼ |
| Week to-date | -1.14% | -81.0 Pips | ▼ |
| September | -1.81% | -130.0 Pips | ▼ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from AUDUSD today?
The AUDUSD pair closed 0.37% lower on Wednesday, ending the day at 0.70100. The daily outlook remains bearish, with the price trading below the 9-day EMA.
📈 Bull Scenario If the AUDUSD manages to break above the daily pivot point of 0.70197, it could target the first resistance level (R1) at 0.70353. A further bullish momentum might push the pair towards the second resistance level (R2) at 0.70607, especially if the rising stochastic indicator supports upward movement. | 📉 Bear Scenario On the downside, a sustained move below the daily low of 0.70040 could lead the pair to test the first support level (S1) at 0.69943. If bearish pressure continues, the next target would be the second support level (S2) at 0.69787, aligning with the overall bearish weekly outlook. |
Key levels to watch out:
| R3 | 0.70763 |
| R2 | 0.70607 |
| R1 | 0.70353 |
| Daily Pivot | 0.70197 |
| S1 | 0.69943 |
| S2 | 0.69787 |
| S3 | 0.69533 |