AUDUSD is trading in a bear flag as we head into BOJ and FOMC rate decisions. Pair is struggling with a resistance zone stretching from .7565 to 7585. Bears will be looking to take out the .7540 - 7430 support zone, with rising flag support below there above 7510. We are looking for a break below flag support on dovish BOJ/Hawkish FOMC. Closing power above .7580 would invalidate. Beware major event risk spike volatility.
Related publications
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.
Related publications
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.