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29 Jul 2015
AUD/USD unchanged after Fed statement
FXStreet (Córdoba) - AUD/USD is trading around the same level it had before the FOMC statement. The Fed kept monetary policy unchanged and offered no clues if it will rise rates in September.
The pair initially climbed to test daily highs and reached 0.7345 but then revered and dropped to 0.7290 (new daily low) only to bounced back above 0.7300.
Currently is trading at 0.7310, in the middle of the range that it has been trading since the European session, 30 pips below the level it closed yesterday.
So far the impact of the Fed decision was limited in the market. Commodities rose after the release but then trimmed gains. US stocks also rose and then pulled back. Still the Dow Jones is up for the day +0.58%.
AUD/USD technical levels
To the upside, resistance levels might lie at 0.7330, 0.7350 (July 28, 29 high) and 0.7390. On the opposite direction support level could be locate at 0.7290 (daily low), 0.7270 and then 0.7255 (2015 lows).
The pair initially climbed to test daily highs and reached 0.7345 but then revered and dropped to 0.7290 (new daily low) only to bounced back above 0.7300.
Currently is trading at 0.7310, in the middle of the range that it has been trading since the European session, 30 pips below the level it closed yesterday.
So far the impact of the Fed decision was limited in the market. Commodities rose after the release but then trimmed gains. US stocks also rose and then pulled back. Still the Dow Jones is up for the day +0.58%.
AUD/USD technical levels
To the upside, resistance levels might lie at 0.7330, 0.7350 (July 28, 29 high) and 0.7390. On the opposite direction support level could be locate at 0.7290 (daily low), 0.7270 and then 0.7255 (2015 lows).