Pre-FOMC thought process

FX:AUDUSD   Australian Dollar / U.S. Dollar
152 0
I look into both fundamental and technical analysis to guide my decisions. FOMC minutes in a couple of hours will definitely shape the actions of this pair. Looking on the weekly chart, we can see the lower highs that has formed after price was rejected by the trend-line, and a cross downwards of the signal from the Stoch RSI . This combined with the outcome from the FOMC could push this pair further down to the 76% fib level (A level i rarely use) which coincides with a support zone and a psychological 0.77000 price. I will personally wait to see how market reacts before i take any actions. Happy trading!
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