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Trader_Landry

FOMC meeting will be favorable to the US Dollar

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Trader_Landry Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Support and Resistance Fundamental Analysis AUDUSD FOMC
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trendanalysis supportandresistance fundamental audusd fomc
24 hours from the next FOMC meeting, AUDUSD seems to have found resistance at around the 0.6700 level. Because of the 25 bps hike expected tomorrow, I am expecting the USD to outperform the AUD... My first target is at 0.65215 and final target is 0.64319 ( Pivots ) .
Comment:
We are still looking at bearish structure. Hold with patience... FOMC meeting day
Comment:
Breaking out of the cloud. It should create a lower low !
Comment:
Still active. PLease understand that those are swing trades. The RR to the target remains positive! Managre risk properly!
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