AUD/USD Technical Analysis: Australian dollar slide to 0.75288 after the Fed hike rates by 25 basis points


The Australian dollars attempt to get back into the bullish price channel was short lived after the Fed hike rates by 25 basis points. In my previous post, I pointed out that AUD/USD will need to get back above its 500 EMA and into the bullish price channel and it did achieve those two targets but crashed after the Fed rate hike decision pushing prices down from 0.76089 to 0.75288 as per my previous estimated support and resistance price point.

AUD/USD managed to drive prices up above 0.756923 after the fall and is currently trading at 0.75732 but will need to maintain trading activities above 0.756923 to prevent it from going down that path again. Failure to hold at 0.756923 support could see the Aussie dollar fall to 0.755524. The first two resistance located at 0.75815 and 0.75924.



Neither LeoPrime nor any of its third-party Information Providers shall be liable for any direct, indirect, incidental, special or consequential damages arising out of or relating to this Agreement or resulting from the use or the inability to use the Services, including but not limited to damages for loss of profits, use, data or other intangible damages, even if such party has been advised of the possibility of such damages. LeoPrime shall have no liability, contingent or otherwise, to you or to third parties, for the correctness, quality, accuracy, timeliness, reliability, performance, continued availability, completeness or delays, omissions, or interruptions in the delivery of the data and services available on this Website or for any other aspect of the performance of this service or for any failure or delay in the execution of any transactions through this service. In no event will LeoPrime be liable for any special, indirect, incidental, or consequential damages which may be incurred or experienced on account of you using the data or services made available on this Website, even if LeoPrime has been advised of the possibility of such damages. LeoPrime will not bear any responsibility to inform you of any difficulties experienced by LeoPrime or third parties, with respect to the use of the services or to take any action in connection therewith.