FX.co ★ AUD/USD

In general, everything is stable with the AUDUSD pair because we continue to grow, even slightly updating highs today, and it can be said that we are pushing upwards. Therefore, we may climb even higher. On the other hand, the short initiative is still in force, and the false breakout at 0.7170 has not gone anywhere. Especially considering the nice pin on the weekly chart. It is also worth noting that the Australian dollar itself feels good after the rate hike. However, it is still important how the dollar will trade further, as we have the FOMC meeting ahead. In general, I am still on the sidelines and do not consider buying at these levels. But if we climb above 0.7145 again, I do not rule out selling, but only with a stop.