Analyst
Intraday: Bullish
Preference: Buy position is envisaged if prices trade above 0.70090 with take profit at 0.70364.
Alternative scenario: Sell position is envisaged if price trades below 0.69713 with take profit at 0.69427.
CPI m/m USD 1:30pm
Core CPI m/m USD 1:30pm
Federal Funds Rate USD 7:00pm
Comment: The US dollar is on a declining trend across the board so far this Wednesday, enabling AUDUSD to extend the Asian bounce briefly above the 0.7000 mark. AUDUSD is expected to trade higher if it breaks the resistance on the 30 mins time frame.
Intraday: Bullish
Preference: Buy position is envisaged if prices trade above 27514 with take profit at 27599.
Alternative scenario: Sell position is envisaged if price trades below 27345 with take profit at 27251
CPI m/m USD 1:30pm
Core CPI m/m USD 1:30pm
Federal Funds Rate USD 7:00pm
Comment: U.S. stock-index futures on Tuesday evening were trading slightly higher ahead of a key policy update from the Federal Reserve on Wednesday.
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