AUDUSD on Tuesday rose 0.26% to 0.67897. What we know.

AUDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.26%	17.3 Pips
Week to-date	0.03%	1.9 Pips
August	3.72%	243.6 Pips

Upcoming key events (London Time)

Wed 02:30 AM AUD Monthly CPI Indicator (12-mth)
Thu 01:30 PM USD GDP annual rate

What happened lately

🇺🇸 U.S. House Price Index (1-mth) in June dropped to -0.1% from 0% in May. Source: FHFA
🇺🇸 U.S. Durable Goods Orders excluding Transportation in July dropped to -0.2% from the revised June figure of 0.4%, which was initially reported as 0.5%. Source: Census Bureau
U.S. Durable Goods Orders excluding Defense in July increased to 10.4%, compared to the revised figure of -7.2% (previously -7%) in June. Source: Census Bureau
🇺🇸 U.S. Nondefense Capital Goods Orders excluding Aircraft in July dropped to -0.1% from a revised 0.9% in June. Source: Census Bureau
🇺🇸 U.S. Durable Goods – New Orders in July rose to 9.9%, compared to the previous figure of -6.7%, revised from -6.6% in June. Source: Census Bureau

Latest from X (Twitter)

Tweets by Australian Bureau of Statistics

What can we expect from AUDUSD today?

AUDUSD on Tuesday rose 0.26% to 0.67897. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.68031 with break above could target R2 at 0.68165 or figure level area. While towards the downside, we are looking at daily low of 0.67611 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67955 may suggest continuation after recent positive movement.

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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