Instrument: AUDUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 0.76032 with take profit at 0.76249
Bearish Preference:
Sell position is envisaged if price trades below 0.75584 with take profit at 0.75414
Fundamentals:
7:00pm USD FOMC Meeting Minutes
Comment:
The U.S. dollar strengthened Wednesday on raised expectations of aggressive monetary policy tightening by the Federal Reserve, while the euro was weighed by the prospect of additional sanctions on Russia.
Analysis: SCRUM Team