AUDUSD Any post-Fed spike will be a great sell opportunity.
The AUDUSD pair is once again approaching the 14-month Resistance Zone, following a convincing rebound on the 1D MA200 (orange trend-line). This Higher Lows rebound resembles the July 06 2023 bounce that priced a Double Top at the top of the Resistance Zone, before collapsing rapidly to new Lows.
Ahead of today's Fed Rate Decision, we will welcome any short-term spike on high volatility to short (up to the top of the Resistance Zone) and target the Support Zone at 0.63750.
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Ahead of today's Fed Rate Decision, we will welcome any short-term spike on high volatility to short (up to the top of the Resistance Zone) and target the Support Zone at 0.63750.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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