Trader, analyst and instructor with a 6-year experience

AUD/USD holds above $0.9500

AUD/USD is trading sideways in the $0.9530/0.9485 range after having rocketed by almost 200 pips on the yesterday's dovish Fed. Technical picture on the Aussie has significantly improved. Bulls started to hesitate a little after having met 38.2% Fibo retracement ($0.9510). 

The pair is now supported at $0.9485, $0.9400 and $0.9335. Next resistance lies at $0.9540/50, $0.9600 and then at $0.9650 (55-month MA). 

Chart. H4 AUD/USD




Scroll to top