AUD/USD under pressure ahead of Fed decision AUD/USD hit its highest level since the end of July at the beginning of December, but has since retra
AUD/USD under pressure ahead of Fed decision
AUD/USD hit its highest level since the end of July at the beginning of December, but has since retraced below the 200-day SMA.
However, the bounce from the lows does appear to be intact, and it would need a move back below the $0.65 level to suggest more losses were on the way.
Despite this, the longer-term view remains bearish, the pair having declined since May 2021, recording lower highs since then. A continuation of this trend could see the price head back towards the October lows.
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