KQMarkets

AUDUSD - Short - Pre FOMC minutes

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
We still see AUDUSD moving lower ahead of the FOMC minutes despite Powell potentially giving more information on the FED tapering it's repo operations to reduce the growth of the balance sheet. This is because of the continued impact of the coronavirus on China which we believe could put additional pressure on the currency pair and drop below support at 0.666.

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