Forex
AUD/USD at Key Support Ahead of Crucial FOMC Rate Decision
AUD/USD has reversed over 1.7% from its September high and is currently testing multi-week uptrend support.
The decline has weakened the near-term momentum profile, leaving bulls increasingly vulnerable.
The FOMC rate decision tomorrow will be a key catalyst, with updated projections, dot plots, and Chair Warsh's press conference in focus. A more hawkish outlook could reinforce support for the U.S. dollar and pressure AUD/USD lower.