AUDUSD on Tuesday dropped -0.15% to 0.6728. End February down by -4.62% or -316.1 pips lower. Pair in consolidation. What you need to know before the next trade.

AUDUSD by TradingView

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	-0.15%	-10.1 Pips
Week to-date	0.19%	13.1 Pips
February	-4.62%	-316.1 Pips

Upcoming key events (London Time)

Wed 03:00 PM USD ISM Manufacturing PMI

What happened lately

📆 ☢️ 🇦🇺 AUD Monthly Consumer Price Index (YoY) in January below forecast and dropped to 7.4% compared to previous figure 8.4% in December. Source
📆 ☢️ 🇦🇺 AUD Gross Domestic Product (QoQ) in Q4 below forecast and dropped to 0.5% compared to previous figure 0.6% in Q3. Source
📆 🇦🇺 AUD Gross Domestic Product (YoY) in Q4 dropped to 2.7% compared to previous figure 5.9% in Q3. Source
📆 🇺🇸 USD Chicago Purchasing Managers’ Index in February below forecast and dropped to 43.6 points compared to previous figure 44.3 points in January. Source
📆 🇺🇸 USD Pending Home Sales (MoM) in January exceed forecast and rose to 8.1% compared to previous figure 1.1, revised from 2.5% in December. Source
📆 ☢️ 🇺🇸 USD Durable Goods Orders in January exceed forecast and dropped to -4.5% compared to previous figure 5.1, revised from 5.6% in December. Source

What can we expect from AUDUSD today?

AUDUSD on Tuesday dropped -0.15% to 0.6728. Price is below 9-Day EMA while Stochastic is rising but in oversold zone.

Updated daily direction for AUDUSD looks mixed as the pair is likely to consolidate above 0.67002 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.6757 or trades above daily pivot 0.67288 while to the downside, the daily low of 0.6701 and 0.67002 (S1) as key support levels. AUDUSD need to break on either side to indicate a short-term bias. A close below 0.6701 would indicate selling pressure.

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

AUDUSD ended month of February trading session down by -4.62% or -316.1 pips lower.

Key levels to watch out:

You might also be interested in:

Minutes of the Board’s discount rate meetings from January 23 and February 1, 2023 Source: Federal Reserve
Advance Retail Inventories Source: Census Bureau
Advance U.S. International Trade in Goods Source: Census Bureau
Advance Wholesale Inventories Source: Census Bureau
Advance Monthly Manufacturers’ Shipments, Inventories, and Orders Source: Census Bureau

Last updated: 02:48 am UTC, 01-Mar 2023

#AUDUSD Trending on Twitter

#USDJPY

Lochleia @lochleia ·

3 Apr 2023

#GBPCHF ALL targets done! 120+ pips profit.✅🎯

Join http://t.me/prometheusclub for #forex signals

#xauusd #eurusd #eurjpy #usdcad #usdjpy #gbpusd #nasdaq #dji #spx #usoil #crudeoil #tsla #aapl #spy #amzn #qqq #forextrading #btc #bitcoin #eth #nfts #crypto #usdchf

Reply on Twitter 1642903431168897028 Retweet on Twitter 1642903431168897028 Like on Twitter 1642903431168897028 Twitter 1642903431168897028

裕二郎 @saikyounoyou ·

3 Apr 2023

この人の分析本当にすごい。 RENさん
@investorREN_

USDJPY(ドル円)をここまで当てられる人はいないんじゃないかな。

XAUUSD(ゴールド)も載せてて
ロングやショートも

ISMのタイミングもかなり参考になる。

初心者の方はフォロー推奨です。
#投資家さんと繋がりたい
#ドル円
#USDJPY
#BTC

Reply on Twitter 1642903214298370048 Retweet on Twitter 1642903214298370048 Like on Twitter 1642903214298370048 1 Twitter 1642903214298370048

masaki @sasha03737567 ·

3 Apr 2023

この人のおかげでドル円ショート55pips利確！

この人→@shigefxgold

界隈一参考になる！

見たら分かる

フォロー推奨

アメリカ3月ISM製造業景況指数爆上げで米国はFXトレード指標エントリーはドル円ロング?

考察、分析、先出し神

売り買いはゴールド、ポンド円、ユーロドル

#USDJPY #BTC

Reply on Twitter 1642903104298582017 Retweet on Twitter 1642903104298582017 Like on Twitter 1642903104298582017 1 Twitter 1642903104298582017

Load More