AUDUSD on Thursday dropped -0.66% to 0.67052. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	-0.66%	-44.8 Pips
Week to-date	0.49%	32.5 Pips
August	2.42%	158.5 Pips

Upcoming key events (London Time)

Fri 03:00 PM USD Federal Reserve Chair Jerome Powell speech
Sat 01:00 AM USD Jackson Hole Symposium

What happened lately

🇺🇸 In the week ending 17 August, U.S. Initial Unemployment Insurance Claims rose to 232K compared to previous figure 228K (revised from 227K) Source: Department of Labor

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Thursday dropped -0.66% to 0.67052. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

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

Looking ahead for the day, immediate support level is at S1 0.66836 with break below could see further selling pressure towards S2 at 0.6662. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.67530 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.66967 would indicate selling pressure.

For the week to-date, take note that AUDUSD is mixed as compared to the prior week.

Key levels to watch out:

#AUDUSD Trending on Twitter

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