AUD/USD technical analysis: Aussie jumps near 0.6900 as Dollar gets slammed post-FOMC
- 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
This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.