AUDUSD on Monday rose 0.55% to 0.6914. Looking bullish. What you need to know before the next trade.



Monday
Open High Low Close
0.68690 0.69205 0.68610 0.69140
Performance after Monday
Period Pct Chg Momentum
Monday 0.55% 37.9 Pips
Week to-date 0.55% 37.9 Pips
February -1.99% -140.2 Pips

Upcoming key events (London Time)

Tue 12:30 AM AUD RBA Meeting Minutes
Wed 07:00 PM USD FOMC Minutes

What happened lately

No major activities.


What can we expect from AUDUSD today?

AUDUSD on Monday rose 0.55% to 0.6914. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for AUDUSD looks bullish as the pair ended higher after Monday trading session.

Looking ahead for the day, immediate upside resistance level is at 0.69360 (R1) while on the downside, we are looking at daily low of 0.6861 as an important support. Break below this level could weaken the current bullish momentum. AUDUSD need to break on either side to indicate a short-term bias. A break above 0.6921 would suggest bullish bias after recent positive movement.

For the week to-date, take note that AUDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 0.69955
R2 0.69580
R1 0.69360
Daily Pivot 0.68985
S1 0.68765
S2 0.68390
S3 0.68170

You might also be interested in:

No major reports.

Last updated: 11:31 pm UTC, 20-Feb 2023

#AUDUSD Trending on Twitter

Twitter feed is not available at the moment.

Leave a comment

Your email address will not be published. Required fields are marked *