Testing times coming up for AUDUSD

The FOMC meeting this week is expected to be a non-event. But with financial conditions continuing to loosen the Fed may want to re-take the initiative in its forward guidance. While this is the biggest risk to the AUDUSD rally the local inflation update also out Wednesday could have a short-term impact.

Source: TradingFloor.com (Max McKegg of Technical Research Limited)
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