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Sep 22 - 09:55 PM

AUD/USD - Under Pressure As Hawkish Fed Underpins USD In Asia

By John Noonan  —  Sep 22 - 08:44 PM
  • AUD/USD approaching support at 0.7225 as USD firms across the board

  • FOMC event was more hawkish than most expected as dot-plot moves towards 2022 Fed hike nL1N2QN1LU

  • A break below 0.7220 targets the 76.4 fibo of 0.7106/0.7477 move at 0.7194

  • Positive reaction in risk markets to Fed helping to underpin AUD/USD for now

  • Resistance is at the 10-day MA at 0.7290 and break shifts pressure to upside

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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