AUDUSD on Thursday rose 0.7% to 0.67254. What we know.

AUDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.7%	47 Pips
Week to-date	0.82%	54.8 Pips
September	-1.03%	-70.2 Pips

Upcoming key events (London Time)

Fri 03:00 PM USD The Index of Consumer Sentiment| Sep flash

What happened lately

The U.S. Monthly Treasury Budget Statement in August dropped to -$380 billion compared to -$244 billion in July. Source: Bureau of the Fiscal Service
🇺🇸 In the week ending 07 September, U.S. Initial Unemployment Insurance Claims rose to 230K compared to previous figure 228K (revised from 227K) Source: Department of Labor
🇺🇸 U.S. Producer Price Index (12-mth) in August dropped to 1.7% compared to the revised July figure of 2.2%. Source: Bureau of Labor Statistics
🇺🇸 U.S. PPI excluding Food and Energy sectors (12-mth) remained unchanged at 2.4% in August compared to July’s report. Source: Bureau of Labor Statistics
🇺🇸 U.S. Producer Price Index (1-mth) for August rose to 0.2%, up from 0.1% in July. Source: Bureau of Labor Statistics
In August, the U.S. PPI excluding Food and Energy sectors increased to 0.3% from the revised July figure of -0.2%. Source: Bureau of Labor Statistics
🇦🇺 Melbourne Institute Survey of Consumer Inflationary Expectations in September dropped to 4.4% compared to the previous figure of 4.5% in August.
🇺🇸 The U.S. Consumer Price Index (CPI) inflation rate for August remained steady at 0.2%, unchanged from the rate reported in July. Source: Bureau of Labor Statistics
🇺🇸 The U.S. CPI inflation rate over 12-month period for August decreased to 2.5% from 2.9% in July. Source: Bureau of Labor Statistics

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What can we expect from AUDUSD today?

AUDUSD on Thursday rose 0.7% to 0.67254. Price is above 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 0.67491 with break above could target R2 at 0.67728 or figure level area. While towards the downside, we are looking at daily low of 0.66561 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.67263 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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