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FOMC leaves rates unchanged as expected; SEPs show Fed to keep rates on hold through 2020

AUD/USD Bounce Will Face a Test Near .7610

AUD/USD Bounce Will Face a Test Near .7610

2017-04-13 19:48:00
Jamie Saettele, CMT, Sr. Technical Strategist
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AUD/USD Bounce Will Face a Test Near .7610

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-AUD/USD took out the February high in March and then took out the March low earlier this week. This expanding range may mark the beginning of increased volatility (range expansion). I’d continue to be aware of .7380s the positioning as per COT (see here). Near term, .7310 is a level to know (50% retracement and horizontal level).

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