AUDUSD Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | -0.44% | -31.0 Pips | ▼ |
| Week to-date | -0.57% | -40.0 Pips | ▼ |
| September | -2.55% | -183.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 09:30 AM | AUD | HIGH | Monthly CPI Indicator (12-mth) |
| Wed 09:30 AM | AUD | HIGH | Trimmed Mean CPI (12-mth) |
| Wed 08:15 PM | USD | HIGH | ADP Non-Farm Employment Change |
| Wed 08:30 PM | USD | HIGH | PCE Price Index, excluding food and energy (1-mth) |
| Wed 08:30 PM | USD | HIGH | PCE Price Index, excluding food and energy (12-mth) |
| Thu 08:30 AM | AUD | HIGH | International Trade in Goods (1-mth) |
| Thu 10:00 PM | USD | HIGH | ISM Manufacturing PMI |
What can we expect from AUDUSD today?
The AUDUSD pair closed at 0.69830 on Tuesday, marking a daily decline of 0.44%. With the price trading below the 9-day EMA and the stochastic indicator in the oversold zone, the outlook remains bearish.
📈 Bull Scenario A bullish scenario for AUDUSD could unfold if the pair manages to break above the daily pivot at 0.6992. Further upward momentum might target the first resistance level (R1) at 0.702, with a potential extension towards the second resistance level (R2) at 0.7057. | 📉 Bear Scenario On the downside, continued bearish pressure could see AUDUSD testing the first support level (S1) at 0.6955. A break below this level might lead to further declines towards the second support level (S2) at 0.6927, reinforcing the bearish outlook for the week. |
Key levels to watch out:
| R3 | 0.7085 |
| R2 | 0.7057 |
| R1 | 0.702 |
| Daily Pivot | 0.6992 |
| S1 | 0.6955 |
| S2 | 0.6927 |
| S3 | 0.689 |