Recently, AUD has been rising strongly, even against the USD.
At first, it looked like AUD was showing real strength compared to the dollar, but whether that strength is sustainable remains to be seen.

Today’s focus is the FOMC meeting. Most news suggests the USD weakness comes from the market already pricing in a rate cut.
Let’s assume that’s true.

If the move is already priced in, what happens next?
Will AUDUSD push higher?

Or is the top of the bullish trend already in place, followed by a possible bearish move?

It’s a tough call because the FOMC is one of the most volatile events, and sharp swings in both directions are very common.

You may find more details in the chart!
Thank you and Good Luck!