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Trader, analyst and instructor with a 6-year experience

AUD/USD consolidates below $0.9400

On Wednesday AUD/USD is calmly consolidating in the $0.9337/70 range ahead of the FOMC meeting results. Yesterday the Aussie has finally closed the day above the top of the daily Ichimoku ($0.9320). The pair is sitting right at the 100-day MA ($0.9350). 

Sell orders are clustered in the $0.9400 area. A decisive break above there would open the way for a higher rebound towards the $0.9500 mark. Support is seen at $0.9335, $0.9280 (top of the H4 Ichimoku) and at $0.9225. 

Chart. Daily AUD/USD

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