AUDUSD Daily Analysis: Key Resistance Levels to Watch

The USD is facing a key resistance level at 0.64537. If this level is broken, the currency could fall to a monthly resistance level at 0.63403.

This week there are some important news events for the USD. These include:

• The US Federal Reserve interest rate decision
  
• The US non-farm payrolls report
  
• The US trade balance report
  
• These events could have a significant impact on the USD, so traders should be prepared for volatility.
  

Technical Analysis:

The USD is currently trading in a range between 0.64537 and 0.63403. The RSI indicator is nearing the overbought zone, which suggests that the currency may be due for a pullback.

Traders should watch for a break below the 0.63403 support level, as this could signal a further decline in the USD.

Conclusion:

The USD is facing a key resistance level at 0.64537. If this level is broken, the currency could fall to a monthly resistance level at 0.63403.

Always check the news before making any trades, as this week there are some important news events for the USD. These events could have a significant impact on the USD.

The information provided in this article is not intended as financial advice. Please do your own research before making any investment decisions.