The AUD/USD pair initially fell during the day on Wednesday, and then bounced off of the 0.72 handle. Because of this, the market looks as if it wants to go higher, but this writing is being done before the FOMC announcement. Because of this, we can only look at levels that we need to pay attention to, and suggests what we will be doing in reaction. If we break down below the bottom of the range during the session on Tuesday, we are sellers. On the other hand though, if we break higher, we would be buyers. We will wait until the daily candle prints in order to make that decision.
