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Thomson Reuters
Sep 27 - 02:36 AM
AUD/USD - Opens Little Changed After Whippy Session
First appeared on eFXplus on Sep 26 - 11:00 PM
  • The AUD/USD opens barely changed after whippy reaction to the Fed event
  • AUD/USD spiked to 0.7315 when Fed removed "accommodative" from statement
  • Rally short-lived and USD regained ground after dot-plots and Powell presser
  • Fed didn't spring any surprises and remain on track for more tightening
  • Resistance is at the 55-day MA at 0.7302 and the spike high at 0.7315
  • Support is found at the 10-day MA at 0.7241 and Tuesday's low at 0.7236

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