Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: AUD/USD edges higher from session lows at 0.7333, awaits FOMC verdict

AUD/USD extednds retrace from multi-week tops of 0.7504 and now hovers near weekly troughs around 0.73 handle. The pair hit lows of 0.7333 after Australian consumer sentiment data showed deterioration in May. The Westpac…

By FxWire Pro
1 min read
FxWirePro: AUD/USD edges higher from session lows at 0.7333, awaits FOMC verdict
Image from the original EconoTimes article

Read the original article

  • AUD/USD extednds retrace from multi-week tops of 0.7504 and now hovers near weekly troughs around 0.73 handle.
     
  • The pair hit lows of 0.7333 after Australian consumer sentiment data showed deterioration in May.
     
  • The Westpac-Melbourne Institute Consumer Sentiment Index fell 1% to 102.2 in June after rising 8.5% to a two-and-a-half year high of 103.2 in May.
     
  • Currently, the pair has recovered from lows and is currently trading at 0.7366 levels.
     
  • Falling oil prices and lower Asian equities also add to the poor risk environment and weigh down on the higher-yielding currency AUD.
     
  • Focus on US economic releases due later in the NY session ahead of the FOMC verdict, which likely to trigger massive volatility across the board.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-struggles-at-074-handle-bias-lower-220947) has hit TP1.
     
  • We recommend booking full profits and exiting at lows, fresh bets only after FOMC verdict.
     

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team