<p>AUDUSD has bounced from support at the market open today. Price has support at the 50% fibonacci level and the inner trendline. Pictured below is the 1h chart.</p>
<p>This week the economic calendar for the AUD &amp; USD is relatively quiet. The events to watch for are the USD Housing Price Index data and the New Home Sales data (Wednesday 27th Oct).</p>
<div id="attachment_1106" style="width: 2280px" class="wp-caption alignnone"><img aria-describedby="caption-attachment-1106" loading="lazy" class="size-full wp-image-1106" src="https://hammer.forexco.com.au/wp-content/uploads/2021/10/AUDUSD_2021-10-25_09-43-23.png" alt="" width="2270" height="1133" srcset="https://hammer.forexco.com.au/wp-content/uploads/2021/10/AUDUSD_2021-10-25_09-43-23.png 2270w, https://hammer.forexco.com.au/wp-content/uploads/2021/10/AUDUSD_2021-10-25_09-43-23-300x150.png 300w, https://hammer.forexco.com.au/wp-content/uploads/2021/10/AUDUSD_2021-10-25_09-43-23-1024x511.png 1024w, https://hammer.forexco.com.au/wp-content/uploads/2021/10/AUDUSD_2021-10-25_09-43-23-768x383.png 768w, https://hammer.forexco.com.au/wp-content/uploads/2021/10/AUDUSD_2021-10-25_09-43-23-1536x767.png 1536w, https://hammer.forexco.com.au/wp-content/uploads/2021/10/AUDUSD_2021-10-25_09-43-23-2048x1022.png 2048w" sizes="(max-width: 2270px) 100vw, 2270px" /><p id="caption-attachment-1106" class="wp-caption-text">AUD/USD 1H Chart, 25 October 2021</p></div>


AUD/USD Bouncing From Support Now!