Lets see what the AUD can do on the day before the FOMC announcement:

  • 1.0560/70 is resistance
  • Stops above 1.0540 will run into 1.0550 – talk of barrier option sitting at 1.0550
  • There is still work to be done here at the 1.0525/35 area
  • Initial bids now 1.0500/10.
  • Stops below 1.0490 will run into bids 1.0475/85
  • Bids 1.0455/65
  • Stops below here taking it through to 1.0440