Equity markets were very heavy yesterday
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now testing the lower level of the cloud…
AUD/USD: at the strategic 0.7000
Information is not investment advice
Monday saw a halt to risky moods reigning in Forex since last week. Tuesday saw the reinstatement of the USD's power. Today, the USD is shaking again, and the AUD is back at 0.7000. Very likely, the currency pair will get up to the local resistance of 0.7030 during the day before we hear what the Federal Reserve has to say. That announcement will either make the AUD/USD break through this local resistance or bounce downwards. So watch the FOMC monetary policy statement!
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