AUDUSD on Monday dropped -0.72% to 0.66424. What we know.

AUDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	-0.72%	-48.3 Pips
Week to-date	-0.74%	-49.6 Pips
July	-0.49%	-32.4 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

No major activities.

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Monday dropped -0.72% to 0.66424. Price is below 9-Day EMA while Stochastic is falling in oversold zone.

Updated daily direction for AUDUSD looks bearish as the pair posted lower in Monday trading session.

Looking ahead for the day, immediate support level is at S1 0.66162 with break below could see further selling pressure towards S2 at 0.659. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.66980 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.66309 would indicate selling pressure.

For the week to-date, take note that AUDUSD is bearish as the pair posted lower by -0.74%.

Key levels to watch out:

#AUDUSD Trending on Twitter

[custom-twitter-feeds hashtag=”#AUDUSD” num=3 showheader=false]

Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.