- AUD/USD broke key levels
- U.S. Interest Rates
Price Movement
Since yesterday, AUD/USD has been on a rally, moving up by around 100pips.
Trend
AUD/USD is currently trending upwards.
Macro Background
This morning (0300 SGT), the Federal Reserve kept the Federal Funds Rate unchanged as expected and the market reacted to the FOMC statement and Press Conference negatively, resulting in the soaring of AUD/USD.
Important Issue
None.
Technical
Yesterday, AUD/USD tested and broke the 0.72 level on the release of the United States interest rates announcement.
Currently, AUD/USD is testing the support level of 0.72693.
Price Levels
Current Price: 0.72547
Next Resistance: 0.72693
Next Support: 0.72088
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