The AUDUSD has corrected higher in trading today (after the sharp fall from Monday) and in the process has moved up toward some moving average resistance defined by the 200-hour moving average and the 100-bar moving average on the 4-hour chart. Also in that area is the 50% of the April trading range at 0.65028. That area between 0.6491 to 0.6502 (above and below 0.6500) will be the barometer for more bullish above/more bearish below.
In this video, I speak to the roadmap levels in play to and through the Fed rate decision.
This article was written by Greg Michalowski at www.forexlive.com.
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