AUD/USD (AUDUSD=X)
| Previous close | 0.6451 |
| Open | 0.6451 |
| Bid | 0.6427 |
| Day's range | 0.6389 - 0.6454 |
| 52-week range | 0.6176 - 0.7365 |
| Ask | 0.6425 |
FX EmpireAUD/USD Forecast – Australian Dollar Breaks Out of Falling Wedge Ahead of the FOMC
The Australian dollar has broken out of a falling wedge, which of course is a bullish sign, but it is ahead of the FOMC so this could get squashed rather quickly.
FX EmpireAUD/USD Forecast – Australian Dollar Testing the Top of Wedge
The Australian dollar has rallied a bit during the trading session on Tuesday but gave back gains to show signs of hesitation at the very precipice of a downtrend line.
- Investing.com
Dollar steadies ahead of Fed meeting; trading ranges are limited
The U.S. dollar traded largely unchanged in early European trade Tuesday, drifting ahead of the start of the latest two-day Federal Reserve policy meeting, the highlight of several key central bank rate decisions this week. Currency moves appear relatively subdued Tuesday, with traders seemingly unwilling to take further positions ahead of the result of this week’s U.S. Federal Reserve meeting. The policymakers are widely expected to keep interest rates on hold, but with inflation still elevated and economic data tending to show a resilient economy, they are also likely to maintain a hawkish stance.
