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AUDUSD positioning between swing area below and 200 day above ahead of Fed decision

AUDUSD positioning between swing area below and 200 day above ahead of Fed decision

The AUDUSD moved sharply higher yesterday breaking above a swing era between 0.6628 and 0.68597. The high price reached 0.68928. That was short of the falling 200 day moving average. There moving average currently comes in at 0.69012. Just above that is the 50% midpoint of the 2022 trading range at 0.69151.

Both those levels will be key barometers through the FOMC rate decision. Move above would be more bullish.

On the downside, today's low extended below the low of the swing are... Read More

Posted: Dec 14 2022, 15:06
Author Name: forexlive
Views: 101921

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