The Australian dollar is the second-best performer today after the kiwi.
AUD/USD hit some buy stops above 0.9350 but has retreated back below. The cap so far has been the 100-day moving average at 0.9364. Offers from Asia are at that level and stretch t o0.9380. Beyond that, strong offers are protecting 0.9400 and yesterday’s high of 0.9394.
AUD/USD narrowed the week-opening gap yesterday but has failed to close it. I would prefer to see it closed before taking long positions. In any case, volatility will be limited ahead of tomorrow’s Fed decision.
AUDUSD daily chart