AUDUSD – Price Action Needs More Conviction

18 Sep - AUDUSD Daily

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Hi All,

Just a quick update on the AUDUSD. Following my article on the 10th Sept (see article), I have been following the pair closely. Price broke above the resistance level ~0.923 (as mentioned previously) and it came down to test it. At the moment, it looks like its ready to go again.

Honestly, I could do with more conviction from the market. Looking at the Forex calender, I would expect the FOMC statement release to fuel the market a little more. Having said that, the market could go either way during events like these. With that, I’ll be keeping an eye.

Thank you and happy reading.

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