AUDUSD Chart Technical Outlook trades north toward 0.6570 after a less hawkish Fed
AUD/USD found support around the 50% Fib level of the previous rally. Prices have bounced higher toward the recent swing high. A less hawkish than expected speech from the Fed Chair Jerome Powell weighed on USD. Investors eye employment and wages data today ahead of tomorrow’s most important NFP.
I expect more upside price action until further clues from the data are available. The pair has a barrier of 0.6550 ahead of the resistance zone 0.6570-85. Supports are located at 0.6500 and 0.6465.
