AUDUSD flagging into FOMC
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.
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