AUD/USD Technical Analysis: Aussie pressuring daily highs ahead of FOMC

FX Street

Published date: 10 Apr. 2019 | 18:12

AUD/USD daily chart

AUD/USD is trading in a bear trend below its 200-day simple moving averages (SMA).
The FOMC minutes at 18.00 GMT can lead to very high volatility in USD-related currency pairs.

AUD/USD 4-hour chart

AUD/USD is trading above its main SMAs suggesting a bullish bias in the medium-term.

AUD/USD 30-minute chart

AUD/USD bulls are challenging the daily highs near 0.7160 key resistance. Bulls next objective is 0.7200 the figure.
To the downside, support can be seen at 0.7135 and 0.7110

Additional key levels

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