informedtrades
Long

AUD Pulls Back to 50 SMA/Support/Fib Ahead of FOMC

FX:AUDUSD   Australian Dollar / U.S. Dollar
181 0 2
Today is a big FOMC meeting, in which the US Federal Reserve is expected to announce a continuation of tapering as well as additional potential hints as to when a rate hike might come. Technically, I'm seeing some signs of AUD strength across the board, and on AUDUSD             , we see price at a trendline , at horizontal support, and right above the 50 SMA and 50% Fibonacci retracement . Targeting the recent highs, this setup offers a nice reward/risk of 3.5.

http://www.informedtrades.com
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out