AUDUSD Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | -0.57% | -40.0 Pips | ▼ |
| Week to-date | -1.14% | -80.0 Pips | ▼ |
| September | -3.11% | -223.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 10:00 PM | USD | HIGH | ISM Manufacturing PMI |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (1-mth) |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (12-mth) |
| Fri 08:30 PM | USD | HIGH | Nonfarm Payroll Employment |
What can we expect from AUDUSD today?
The AUDUSD pair closed at 0.69430 on Wednesday, marking a daily decline of 0.57%. With the price below the 9-day EMA and a bearish daily outlook, the pair is under pressure.
📈 Bull Scenario If the AUDUSD manages to break above the daily pivot at 0.69593, it could target the first resistance level at 0.69787. A further bullish move might see the pair testing the second resistance at 0.70143, especially if the stochastic indicator continues to rise from the oversold zone. | 📉 Bear Scenario On the downside, a sustained move below the daily low of 0.69400 could lead to further losses, with the first support level at 0.69237 in focus. Should bearish momentum persist, the pair might test the second support level at 0.69043, aligning with the overall bearish weekly outlook. |
Key levels to watch out:
| R3 | 0.70337 |
| R2 | 0.70143 |
| R1 | 0.69787 |
| Daily Pivot | 0.69593 |
| S1 | 0.69237 |
| S2 | 0.69043 |
| S3 | 0.68687 |