FX:AUDUSD Australian Dollar/U.S. Dollar
Today is a big meeting, in which the US 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 and 50% Fibonacci retracement. Targeting the recent highs, this setup offers a nice reward/risk of 3.5.