AUD/USD Holds Steady Ahead of FOMC Decision Amid RBA Rate Hike
The AUD/USD pair is expected to remain volatile in the near term, with traders focusing on the FOMC meeting and the US economic docket.
While the RBA's rate hike has boosted the Australian dollar, the USD pullback and concerns over the US debt ceiling and banking crisis are limiting the downside for the pair.
TRADE IDEA DETAILS:
CURRENCY PAIR: #AUDUSD
CURRENT TREND: ➡️Sideways
TRADE SIGNAL: ↗️Buy
👉ENTRY PRICE: 0.6670
✅TAKE PROFIT: 0.6740
❌STOP LOSS: 0.6610
#AUDUSD #RBA #FOMC #RateHike #USD
While the RBA's rate hike has boosted the Australian dollar, the USD pullback and concerns over the US debt ceiling and banking crisis are limiting the downside for the pair.
TRADE IDEA DETAILS:
CURRENCY PAIR: #AUDUSD
CURRENT TREND: ➡️Sideways
TRADE SIGNAL: ↗️Buy
👉ENTRY PRICE: 0.6670
✅TAKE PROFIT: 0.6740
❌STOP LOSS: 0.6610
#AUDUSD #RBA #FOMC #RateHike #USD
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.