24 hours from the next FOMC meeting, AUDUSD seems to have found resistance at around the 0.6700 level. Because of the 25 bps hike expected tomorrow, I am expecting the USD to outperform the AUD... My first target is at 0.65215 and final target is 0.64319 ( Pivots ) .
Note
We are still looking at bearish structure. Hold with patience... FOMC meeting dayNote
Breaking out of the cloud. It should create a lower low !Note
Still active. PLease understand that those are swing trades. The RR to the target remains positive! Managre risk properly!
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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.