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The Offenmarkt Committee of the Federal Reserve (FOMC) has contributed to influencing the market, especially with regard to USD and other currency pairs. For the AUD/USD, there seems to be an opportunity on the horizon because things have changed after this committee meeting.


The AUD/USD has recovered from its losses during the decline induced by the FED according to the FOMC and has returned to its previous support turn resistance high area, which offers a good opportunity.

The level of $ 0.76 is a good area to shorten with a close stop loss, since the price tried to break across the border on both days of last week, but in both attempts and the price fell down, explains Primexbt-Analyst Kim chua.

The level of 0.76 USD is also the excerpt of the head-and-shoulders top pattern, which shows itself in the AUD/USD every day, whereby the FOMC event has already broken it. Now the price for a new test of the resistance has decreased and offers dealers who missed buying it empty earlier, another chance of a good starting point.

This again will be crucial for the development of the market, and although it is uncertain how things will react, the level seems to be a first-class opportunity and another good starting point for empty sales.

I assume that the AUD/USD will go back to at least 0.73 USD, since $ 0.72 is the downward target for the head and shoulders reversal. For me, the AUD/USD seems to have exceeded the tip and further downward movements should be on the way, added Chua. Add

About Kim chua, Market analyst:

Kim Chua is an institutional trade specialist with a success story that extends to leading banks such as Deutsche Bank, China Merchants Bank and others. Chua later launched a hedge fund that consistently achieved three -digit returns for seven years. Chua is also an instructor in her heart who has developed her own curriculum for self -trade to pass on her knowledge to a new generation of analysts. Kim Chua actively pursues both traditional and cryptocurrency markets and strives to find future investment and trade opportunities, since the two very different asset classes begin to approach.