AUD/USD lingers under 0.6700 mark as anticipation mounts for Fed decision – by Dippusen AUDUSD Fed RBA InterestRate
AUD/USD is holding gains below 0.6700, and is at a crossroads on the daily chart. Investors' focus moves to the Fed policy decision on Wednesday after days of volatility in markets rocked the antipodeans back and forth amidst the global banking crisis. EUR/USD struggles for clear directions around five-week high inside short-term ascending triangle. Sustained trading above 100-DMA, upbeat oscillators favor four-day uptrend but pre-Fed anxiety challenges traders.
The precious metal is expected to remain sideways as investors are likely to execute meaningful positions after the announcement of the interest rate decision by the Federal Reserve .Ripple price has been on an uptrend since Monday, soaring alongside Bitcoin’s price action and in tandem with the general bullish market trajectory.
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