AUD/USD Post-FOMC Minutes into Pacific Session

FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar

  • USD showing weakness because of Fed uncertainty. Rate cuts still loom for the US because of current economic situation and sticky inflation.
  • AUD and NZD showing strength this week(Up trend on 2H/6H charts) Also note recent reversal at floor(0.64602)
  • Economic situation in China continues to evolve but seems to be favorable for AUD/NZD. AUS200 opened higher today and is in an up-trend currently from 6H/1D view.

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