AUD/USD corrected up to the 0.6900 figure following the recent selloff. Market participants are waiting for the FOMC at 18:00 GMT. AUD/USD daily chart The Aussie is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is correcting us ahead of the FOMC meeting at 18:00 GMT. The Federal Reserve is widely expected to cut 25 bps. AUD/USD 4-hour chart The Aussie is trading well below its main SMAs as the market found some resistance at the 0.6900 level. Sellers want a continuation of the bear rally by driving the market towards 0.6870, 0.6857 and the 0.6830 level according to the Technical Confluences Indicator. AUD/USD 30-minute chart AUD/USD is trading between the 50 and 200 SMAs, suggesting a consolidation in the near term. Immediate resistances can be seen near 0.6900, 0.6920 the 0.6940 level according to the Technical Confluences Indicator. Additional key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Litecoin technical analysis: LTC/USD making strong progress for $100 reclaim FX Street 4 years AUD/USD corrected up to the 0.6900 figure following the recent selloff. Market participants are waiting for the FOMC at 18:00 GMT. AUD/USD daily chart The Aussie is trading in a bear trend below the main daily simple moving averages (DSMAs). The market is correcting us ahead of the FOMC meeting at 18:00 GMT. The Federal Reserve is widely expected to cut 25 bps. AUD/USD 4-hour chart The Aussie is trading well below its main SMAs as the market found some resistance at the 0.6900 level. Sellers want a continuation of the bear rally by… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
