AUDUSD on Thursday rose 0.27% to 0.67395. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.27%	18.2 Pips
Week to-date	-0.71%	-48.3 Pips
September	-0.82%	-55.8 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

🇺🇸 U.S. Unit Labor Costs in Q2 decreased to 0.4% from 0.9% in Q1. Source: Bureau of Labor Statistics
🇺🇸 U.S. Nonfarm Business Labor Productivity in Q2 rose to 2.5%, up from 2.3% in Q1. Source: Bureau of Labor Statistics
🇺🇸 In the week ending 31 August, U.S. Initial Unemployment Insurance Claims dropped to 227K compared to previous figure 231K Source: Department of Labor
🇦🇺 Australia’s TD Securities Inflation (12-month) in July dropped to 2.5% from the previous figure of 2.8% in June.
🇦🇺 Australia’s international trade in goods for July amounted to $6.009 billion, showing an increase from the previous figure of $5.589 billion in June. Source: Australian Bureau of Statistics
🇦🇺 Australia’s exports of goods in July dropped to 0.7% from the previous figure of 1.7% in June. Source: Australian Bureau of Statistics
🇦🇺 Australia’s imports of goods (1-mth) in July fell to -0.8% from 0.5% in June. Source: Australian Bureau of Statistics
🇺🇸 U.S. Factory Orders (1-mth) in July rose to 5%, compared to the previous figure of -3.3% in June. Source: Census Bureau
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in July dropped to 7.673M, compared to the previous figure of 7.91M revised from 8.184M in June. Source: Bureau of Labor Statistics
Australia’s GDP growth in Q2 increased to 0.2% from 0.1% in Q1. Source: Australian Bureau of Statistics
🇦🇺 Australia’s GDP growth over 12 months dropped to 1% in Q2, compared to 1.1% in Q1. Source: Australian Bureau of Statistics
🇦🇺 Australia’s GDP (12-mth) in Q2 dropped to 1%, compared to the previous figure of 1.1% in Q1. Source: Australian Bureau of Statistics
🇦🇺 Australia AiG Industry Index in July dropped to -23.5 points from -20.7 points in June.

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What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.27% to 0.67395. Price is below 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.67497 with break above could target R2 at 0.67599 or figure level area. While towards the downside, we are looking at daily low of 0.67131 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67416 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:

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