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Instrument: AUDUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 0.72802 with take profit at 0.72873.
Bearish Preference:
Sell position is envisaged if price trades below 0.72661 with take profit at 0.72582.
Fundamentals: USD 2:45PM Flash Manufacturing PMI Flash Services PMI
Comment: The Fed left policy settings unchanged on Wednesday, as expected, and also decided against announcing the beginning of asset purchase tapering. However, the central bank said “a moderation in the pace of asset purchases may soon be warranted”, with Chairman Jerome Powell adding that board members believed tapering could conclude around mid-2022, opening the way for interest rate hikes after that.
Analysis: SCRUM Team
