AUD/USD Forecast: Aussie Struggles with Momentum

  • The AUD/USD pair tried to rally during the early hours of Tuesday but then fell as the 50-day EMA continues to see a lot of interest.
  • Furthermore, we have the 0.70 level above that could offer quite a bit of psychological resistance as well.
  • The market has been rather noisy over the last several days, as it looks like we are trying to decide what to do about the Federal Reserve.
  • By the end of the day on Wednesday, we should have some answers.

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