AUD/USD touches the 100 day EMA, uptrend again?
AUD/USD has pulled back and touch the 100 day EMA level after many weeks of
consolidation. This is a critical level and if price doesn't fall below this level, then
AUD/USD can continue the uptrend.
However, keep in mind that the Fed meeting event will be held in less than 10 hours
and that will keep things volatile in AUD/USD.
However, if price drops during the event, I would consider a buy enty between 0.7660-0.7680
with SL below 0.7632 and TP at 0.78.
consolidation. This is a critical level and if price doesn't fall below this level, then
AUD/USD can continue the uptrend.
However, keep in mind that the Fed meeting event will be held in less than 10 hours
and that will keep things volatile in AUD/USD.
However, if price drops during the event, I would consider a buy enty between 0.7660-0.7680
with SL below 0.7632 and TP at 0.78.