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Jun 10 - 07:55 PM

AUD/USD - Opens Higher But Well Below Post-FOMC Spike

By John Noonan  —  Jun 10 - 06:00 PM
  • AUD/USD spent a lot of time between 0.6980/0.7020 ahead of Fed decision

  • It then spiked to 0.7069 after Fed was at least as dovish as market hoped nW1N2CX03R

  • Move higher was supported by stops getting triggered above 0.7050

  • It quickly retreated to 0.7000 when Wall Street stumbled into the close nL1N2DN2QM

  • Hourly support at 0.6980 with key support at 10-day MA at 0.6917

  • Resistance is at yesterday's 0.7069 high and 38.2 of 0.8136/0.5510 at 0.7132

  • Daily RSI overbought at over 2-year high and showing bearish divergence








aud/usd Click here

aud/usd 2 Click here

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Source:
Refinitiv IFR Research/Market Commentary

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