AUDUSD Watch: Key Level Break and Lower Low, Wait for a Pullback

Check out my previous post "Breaking Down The FX Market: What You Need To Know" for a comprehensive video analysis.

The AUDUSD has been in a bit of a tricky situation lately, as price has broken a key level and made a lower low. This has traders wondering where the pair may be headed next. However, before jumping in, it's important to wait for a pullback and not chase price. With the upcoming Federal Reserve rate decision, it's important to keep a close eye on the market and be cautious in your trades. The FED is expected to raise interest rates, which could have a significant impact on the currency markets. This means that traders should be paying close attention to the market developments and be prepared for any potential volatility. By being patient and waiting for a pullback, traders can better position themselves for success in the AUDUSD market.

Comment:

Price touched the area we were aiming for. Waiting for FED tomorrow before entering anything new.

Order cancelled:

Not looking for any more sell opportunities for now