
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
2020-10-20 • Updated
AUD/USD goes down. It dropped below the Moving Averages, below the local support of 0.7060 – 0.7070, and now appears to be moving further downwards. To where? That’s what you need higher timeframes for.
On the H4 chart, you see that the last week of September saw the pair drop to 0.7010 – that would be the target for bears if the market finds that October gains need to be erased. Therefore, watch 0.7030 - if it gets crossed, 0.7010 will be the target for bears.
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
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