- The Fed is leaving its overnight rate unchanged.
- The US Dollar gets sold off across the board after the news.
As the Fed leaves overnight rates unchanged AUD/USD is trading above its main SMAs suggesting bullish momentum in the near term. A sustained break above 0.6900 can send the Aussie to 0.6930 and 0.6960. Resistances are seen at 0.6880/0.6870 and 0.6855 level.
Additional key levels
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